Home Vacancy Rate for Arizona
AZHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-62.50%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for Arizona measures the percentage of unoccupied housing units in the state. This metric provides insight into housing market conditions and can inform policymaking and investment decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Home Vacancy Rate for Arizona tracks the share of vacant housing units, including both rental and owner-occupied properties, across the state. This data point is used by economists, real estate analysts, and policymakers to assess the supply and demand dynamics of the Arizona housing market.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and investors monitor the Home Vacancy Rate to understand housing market trends and identify areas of potential overbuilding or underinvestment.
Key Facts
- Arizona's home vacancy rate was 12.4% as of the latest data.
- Vacancy rates tend to be higher in areas with significant seasonal or vacation homes.
- Declining vacancy rates can signal increasing housing demand and potential price appreciation.
FAQs
Q: What does the Home Vacancy Rate for Arizona measure?
A: The Home Vacancy Rate for Arizona tracks the percentage of unoccupied housing units, including both rental and owner-occupied properties, across the state.
Q: Why is the Home Vacancy Rate relevant for users or analysts?
A: The Home Vacancy Rate provides insight into housing market conditions and can inform policymaking, investment decisions, and assessments of housing supply and demand dynamics.
Q: How is the Home Vacancy Rate data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is the Home Vacancy Rate used in economic policy?
A: Policymakers and investors monitor the Home Vacancy Rate to understand housing market trends and identify areas of potential overbuilding or underinvestment.
Q: Are there any update delays or limitations with the Home Vacancy Rate data?
A: The Home Vacancy Rate data is subject to the update schedule and potential limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for Arizona (AZHVAC), retrieved from FRED.