Real Estate, Rental and Leasing Earnings in North Carolina
NCEREA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,977,951.00
Year-over-Year Change
5.62%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Real Estate, Rental and Leasing Earnings in North Carolina' trend measures the total earnings from the real estate, rental, and leasing industry in the state of North Carolina. This provides valuable insights into the economic health and growth of this important 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 economic indicator tracks the total earnings, including wages and salaries, of workers in North Carolina's real estate, rental, and leasing industry. It is a key metric for understanding the performance and contribution of this sector to the state's overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional economic accounts.
Historical Context
Policymakers and analysts use this trend to assess the strength and dynamics of North Carolina's real estate and rental market, which has broader implications for the state's economic development and housing policies.
Key Facts
- North Carolina's real estate, rental and leasing industry accounts for over 6% of the state's total earnings.
- Real estate earnings in North Carolina have grown by 3.2% annually over the past 5 years.
- The real estate sector is the 3rd largest contributor to North Carolina's GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Real Estate, Rental and Leasing Earnings in North Carolina' trend measures the total earnings, including wages and salaries, of workers in North Carolina's real estate, rental, and leasing industry.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of North Carolina's real estate, rental, and leasing sector, which is a key driver of the state's overall economic health and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional economic accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength and dynamics of North Carolina's real estate and rental market, which has broader implications for the state's economic development and housing policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the BEA, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Estate, Rental and Leasing Earnings in North Carolina (NCEREA), retrieved from FRED.