Regional Price Parities: Services: Housing for Delaware
DERPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.94
Year-over-Year Change
0.78%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities (RPP) for Services: Housing in Delaware measure the relative cost of housing services in the state compared to the national average.
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 RPP for Services: Housing provides an index of housing costs, including rent, utilities, and other housing-related expenses, in a specific geographic area relative to the U.S. overall. This metric helps economists and policymakers understand regional differences in the cost of living.
Methodology
The data is collected through surveys and other sources by the U.S. Bureau of Economic Analysis.
Historical Context
The RPP for Services: Housing is used to adjust economic data and inform policy decisions related to the cost of living and regional competitiveness.
Key Facts
- Delaware's RPP for Services: Housing was 104.6 in 2020.
- The national average RPP for Services: Housing is 100.
- Housing costs in Delaware are approximately 4.6% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities for Services: Housing in Delaware measure the relative cost of housing services in the state compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers understand regional differences in the cost of living, which is important for adjusting economic data and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and other sources by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The RPP for Services: Housing is used to adjust economic data and inform policy decisions related to the cost of living and regional competitiveness.
Q: Are there update delays or limitations?
A: The data is updated annually, with the latest available year typically lagging the current year by about 2 years.
Related Trends
Chain-Type Quantity Index for Real GDP: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Delaware
DEPRFRMSPRTMSMQGSP
Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Delaware
DEDATAWWWRGSP
Coefficient for Industrial Carbon Dioxide Emissions, Motor Gasoline for Delaware
EMISSCO2CMGICBDEA
Unemployment Level for Delaware
UNEMPLOYDE
State Government Tax Collections, Hunting and Fishing Licenses in Delaware
DEHUNTLICTAX
Monthly State Retail Sales: Gasoline Stations in Delaware
MSRSDE447
Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing for Delaware (DERPPSERVERENT), retrieved from FRED.