Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Delaware
Annual, Not Seasonally Adjusted
DEARTENTRECNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
614.90
Year-over-Year Change
20.29%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the rent of tenant-occupied housing units in the United States. This metric is a key indicator of housing costs and the overall cost of living.
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
This series tracks the annual, non-seasonally adjusted rent prices for rented housing units in the U.S. It serves as an important benchmark for policymakers, real estate analysts, and consumers to understand trends in housing affordability.
Methodology
The data is collected through household surveys by the U.S. Census Bureau.
Historical Context
Rent prices are closely monitored by the Federal Reserve and other institutions to gauge inflationary pressures and consumer spending patterns.
Key Facts
- Rent prices have risen over 30% in the past decade.
- Rental housing accounts for over 30% of household expenditures.
- High rents can constrain consumer spending in other areas.
FAQs
Q: What does this economic trend measure?
A: This series tracks the annual, non-seasonally adjusted rent prices for rented housing units in the United States.
Q: Why is this trend relevant for users or analysts?
A: Rent prices are a key indicator of housing affordability and the overall cost of living, making this metric highly relevant for policymakers, real estate analysts, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Rent prices are closely monitored by the Federal Reserve and other institutions to gauge inflationary pressures and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture short-term fluctuations in the rental market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DEARTENTRECNGSP), retrieved from FRED.