Home Vacancy Rate for the District of Columbia
DCHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
-36.84%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for the District of Columbia measures the percentage of vacant housing units in the Washington D.C. metro area. This key indicator helps policymakers and analysts understand trends in the local housing market and identify potential imbalances between supply and demand.
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 tracks the share of unoccupied residential properties in the District of Columbia, including both rental and owner-occupied units. It is an important metric for assessing the health and stability of the regional housing sector, which has significant economic and social implications for the nation's capital.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
The home vacancy rate is closely monitored by real estate investors, local governments, and the Federal Reserve to inform housing and urban development policies.
Key Facts
- The District of Columbia had a home vacancy rate of 6.2% as of the latest data.
- Vacancy rates are typically higher in urban areas compared to suburban or rural regions.
- Stable, low vacancy rates are a sign of a healthy, balanced housing market.
FAQs
Q: What does this economic trend measure?
A: The Home Vacancy Rate for the District of Columbia measures the percentage of unoccupied residential properties in the Washington D.C. metro area, including both rental and owner-occupied units.
Q: Why is this trend relevant for users or analysts?
A: The home vacancy rate is an important indicator of housing market conditions and can help policymakers and real estate professionals assess supply, demand, and potential imbalances in the local housing sector.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: The home vacancy rate is closely monitored by real estate investors, local governments, and the Federal Reserve to inform housing and urban development policies.
Q: Are there update delays or limitations?
A: The home vacancy data is published on a periodic basis with potential delays, and may not capture the most recent market conditions.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for the District of Columbia (DCHVAC), retrieved from FRED.