Home Vacancy Rate for Delaware
DEHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
-76.19%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for Delaware is an important economic indicator that tracks the percentage of unoccupied housing units in the state. It provides insights into the state's housing market and can inform policymakers and real estate investors.
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 Delaware measures the proportion of vacant housing units, including both rental and owner-occupied properties, within the state. This metric is widely used to analyze housing supply, demand, and market conditions, which are crucial for understanding the broader economic climate.
Methodology
The data is collected and calculated by the U.S. Census Bureau through regular surveys of Delaware households.
Historical Context
The Home Vacancy Rate is a key indicator for real estate investors, policymakers, and economists assessing the health of Delaware's housing market and its broader economic environment.
Key Facts
- The Home Vacancy Rate for Delaware was 10.2% as of the latest data.
- Vacant housing units can include homes for rent, for sale, or temporarily unoccupied.
- High vacancy rates may indicate an oversupply of housing or weak demand in the state.
FAQs
Q: What does this economic trend measure?
A: The Home Vacancy Rate for Delaware measures the percentage of unoccupied housing units, both rental and owner-occupied, within the state.
Q: Why is this trend relevant for users or analysts?
A: The Home Vacancy Rate is a crucial indicator for understanding the health of Delaware's housing market and broader economic conditions, as it provides insights into housing supply, demand, and market dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through regular surveys of Delaware households.
Q: How is this trend used in economic policy?
A: Policymakers, real estate investors, and economists use the Home Vacancy Rate for Delaware to assess the state's housing market conditions and inform decisions related to housing, urban development, and broader economic policies.
Q: Are there update delays or limitations?
A: The Home Vacancy Rate for Delaware is updated regularly by the U.S. Census Bureau, but there may be occasional delays in data availability or limitations in geographic coverage.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for Delaware (DEHVAC), retrieved from FRED.