Home Vacancy Rate for Hawaii
HIHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-56.52%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for Hawaii measures the percentage of unoccupied housing units in the state. This indicator provides insights into the health of the local housing market and is a key metric for policymakers and real estate analysts.
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 Hawaii tracks the proportion of vacant housing units, including both rental and owner-occupied properties, within the state. It is an important statistic for understanding housing supply, demand, and affordability trends.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
The vacancy rate is used to monitor the balance between housing supply and demand, informing policy decisions and real estate investment strategies.
Key Facts
- Hawaii's home vacancy rate was 15.7% in 2021.
- Vacancy rates are higher in tourist-heavy areas like Honolulu.
- The state's home vacancy rate has been declining since the Great Recession.
FAQs
Q: What does the Home Vacancy Rate for Hawaii measure?
A: The Home Vacancy Rate for Hawaii tracks the percentage of unoccupied housing units, including both rental and owner-occupied properties, within the state.
Q: Why is the Hawaii home vacancy rate relevant for users or analysts?
A: The vacancy rate provides insights into the balance of housing supply and demand, informing real estate investment decisions and policy choices around housing affordability and development.
Q: How is the Hawaii 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 Hawaii home vacancy rate used in economic policy?
A: Policymakers and real estate analysts use the vacancy rate to monitor housing market conditions and inform decisions around housing supply, affordability, and development.
Q: Are there any update delays or limitations with the Hawaii home vacancy rate data?
A: The American Community Survey data is published annually, so there may be a 1-year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for Hawaii (HIHVAC), retrieved from FRED.