Home Vacancy Rate for Utah
UTHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-60.00%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for Utah measures the percentage of unoccupied residential properties in the state. It provides insights into housing market conditions and local economic activity.
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 Utah is a key indicator of the health and balance of the state's housing market. It tracks the share of residential properties that are vacant, either for sale, for rent, or held off the market. This metric is used by policymakers, economists, and real estate analysts to assess housing supply and demand dynamics.
Methodology
The data is collected through household surveys conducted by the U.S. Census Bureau.
Historical Context
The Home Vacancy Rate is relevant for understanding broader economic and real estate trends in Utah.
Key Facts
- Utah's home vacancy rate was 1.5% in 2021.
- Vacancy rates tend to be lower in urban areas compared to rural regions.
- High vacancy rates can signal an oversupply of housing or weak demand.
FAQs
Q: What does the Home Vacancy Rate for Utah measure?
A: The Home Vacancy Rate for Utah tracks the percentage of residential properties in the state that are unoccupied, either for sale, for rent, or held off the market.
Q: Why is the Home Vacancy Rate relevant for users or analysts?
A: The Home Vacancy Rate provides insights into the balance of housing supply and demand in Utah, which is useful for policymakers, real estate professionals, and economists analyzing economic and market trends.
Q: How is the Home Vacancy Rate data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Census Bureau.
Q: How is the Home Vacancy Rate used in economic policy?
A: The Home Vacancy Rate is used by policymakers, economists, and real estate analysts to assess housing market conditions and inform decisions related to housing, construction, and economic development in Utah.
Q: Are there any update delays or limitations with the Home Vacancy Rate data?
A: The Home Vacancy Rate data is published quarterly with a lag, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for Utah (UTHVAC), retrieved from FRED.