Home Vacancy Rate for Virginia
VAHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-52.63%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for Virginia tracks the percentage of unoccupied housing units in the state. This metric is closely watched by economists and policymakers to understand housing market dynamics and potential imbalances.
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 measures the share of housing units in Virginia that are vacant and not occupied. It provides insights into supply and demand in the residential real estate market, and can signal trends like overbuilding, lack of affordable housing, or population shifts.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This vacancy rate is used to inform housing and urban development policies at the state and local level.
Key Facts
- Virginia's home vacancy rate was 10.5% as of the latest data.
- Vacancy rates tend to be higher in rural areas compared to urban centers.
- Elevated vacancy can signal an oversupply of housing units in a market.
FAQs
Q: What does the Home Vacancy Rate for Virginia measure?
A: The Home Vacancy Rate for Virginia tracks the percentage of housing units in the state that are unoccupied and vacant.
Q: Why is the Virginia home vacancy rate relevant for users or analysts?
A: The vacancy rate provides insight into supply and demand conditions in Virginia's housing market, which is useful for policymakers, real estate professionals, and economists.
Q: How is the Home Vacancy Rate for Virginia data collected?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is the Virginia home vacancy rate used in economic policy?
A: Policymakers and urban planners use the vacancy rate to inform housing, development, and population policies at the state and local level.
Q: Are there any update delays or limitations with this data?
A: The Home Vacancy Rate for Virginia is published with a lag, typically several months after the reference period.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for Virginia (VAHVAC), retrieved from FRED.