Rental Vacancy Rate for Nebraska
NERVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.40
Year-over-Year Change
-28.00%
Date Range
1/1/1986 - 1/1/2024
Summary
The Rental Vacancy Rate for Nebraska measures the percentage of rental housing units that are vacant and available for rent. It is an important indicator of supply and demand in the state's rental housing market.
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 Rental Vacancy Rate for Nebraska is a widely tracked metric used by economists, policymakers, and real estate analysts to assess the health and balance of the state's rental housing sector. It provides insights into housing affordability, investment activity, and potential imbalances between rental supply and demand.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and Housing Vacancy Survey.
Historical Context
Rental vacancy rates are closely monitored for their implications on housing policy, construction, and investment decisions.
Key Facts
- Nebraska's rental vacancy rate averaged 7.7% in 2021.
- Rental vacancies in the state have trended downward since the Great Recession.
- Low rental vacancy rates can signal a tight housing market and affordability challenges.
FAQs
Q: What does the Rental Vacancy Rate for Nebraska measure?
A: The Rental Vacancy Rate for Nebraska measures the percentage of rental housing units in the state that are vacant and available for rent.
Q: Why is the Nebraska rental vacancy rate relevant for users or analysts?
A: The rental vacancy rate is an important indicator of supply and demand conditions in the state's rental housing market, with implications for housing affordability, investment, and policy decisions.
Q: How is the Rental Vacancy Rate for Nebraska data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and Housing Vacancy Survey.
Q: How is the Nebraska rental vacancy rate used in economic policy?
A: Rental vacancy rates are closely monitored by policymakers, housing analysts, and real estate investors to assess market conditions and inform decisions around housing construction, affordability initiatives, and investment strategies.
Q: Are there any update delays or limitations with the Rental Vacancy Rate for Nebraska data?
A: The rental vacancy data is published quarterly by the U.S. Census Bureau, with a short lag time. While comprehensive, the survey-based data may not fully capture rapid, localized changes in rental market dynamics.
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Citation
U.S. Federal Reserve, Rental Vacancy Rate for Nebraska (NERVAC), retrieved from FRED.