Chain-Type Quantity Index for Real GDP: Real Estate (531) in Massachusetts
MAREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.48
Year-over-Year Change
25.18%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Massachusetts measures the inflation-adjusted value of real estate output in Massachusetts. This is an important indicator for understanding the state's economic performance and real estate sector.
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 index represents the quantity of real estate services produced in Massachusetts, adjusted for price changes. It is a useful metric for tracking the real estate industry's contribution to the state's overall economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and economists analyze this index to gauge the health and trajectory of Massachusetts' real estate market.
Key Facts
- The index uses 2012 as the base year.
- Massachusetts' real estate index reached a peak in 2005 before declining during the Great Recession.
- The index has shown steady growth since 2010, reflecting the state's recovering real estate sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted, or 'real', value of output in the real estate industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: The real estate sector is a critical component of Massachusetts' economy, so tracking this index helps analysts and policymakers understand the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this index to gauge the health and trajectory of Massachusetts' real estate market, which informs decisions around economic development, housing, and other policy areas.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate (531) in Massachusetts (MAREALQGSP), retrieved from FRED.