Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Montana
MTRERENTLEAQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.06
Year-over-Year Change
6.52%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Montana measures the real output of the real estate and rental and leasing sector in the state. This trend is an important indicator of economic activity and investment in the housing and commercial property markets.
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 tracks the real (inflation-adjusted) value of goods and services produced by the real estate and rental/leasing industry in Montana. It is a key component of the state's overall GDP and can signal trends in housing, commercial real estate, and other related economic sectors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted quantity indexes.
Historical Context
Policymakers and analysts use this metric to assess the health and direction of Montana's real estate and rental markets.
Key Facts
- Montana's real estate and rental/leasing sector accounts for around 12% of the state's GDP.
- This index has grown by an average of 3.2% annually over the past decade.
- The metric reached an all-time high in 2021 as the state's housing market boomed.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Montana measures the real (inflation-adjusted) output of the real estate, rental, and leasing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of activity and investment in Montana's housing, commercial real estate, and related economic sectors, providing valuable insights for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted quantity indexes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and direction of Montana's real estate and rental markets, which are important drivers of the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Montana (MTRERENTLEAQQGSP), retrieved from FRED.