Real Estate, Rental and Leasing Earnings in Pennsylvania
PAEREA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,454,409.00
Year-over-Year Change
4.05%
Date Range
1/1/1998 - 1/1/2025
Summary
The Real Estate, Rental and Leasing Earnings in Pennsylvania measures the total earnings, including wages and salaries, for this industry sector in the state. It provides insights into the economic performance and growth of this important part of Pennsylvania's economy.
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 represents the total earnings, including wages and salaries, generated by real estate, rental, and leasing businesses and professionals operating in the state of Pennsylvania. It is a key indicator of activity and profitability in this vital industry, which includes property management, real estate brokerage, and equipment/vehicle leasing.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and other sources.
Historical Context
Real estate and related services are significant drivers of economic growth, and this metric helps policymakers and analysts understand trends in this sector.
Key Facts
- Pennsylvania's real estate sector accounts for over 6% of the state's GDP.
- Earnings in this industry have grown by 15% over the past 5 years.
- Rental and leasing make up nearly 40% of total real estate earnings in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total earnings, including wages and salaries, generated by businesses and professionals in the real estate, rental, and leasing industry in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the health and growth of a critical sector of Pennsylvania's economy, informing decisions by policymakers, investors, and other stakeholders.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys of businesses and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the performance and outlook of Pennsylvania's real estate, rental, and leasing industry, which is a significant driver of economic growth in the state.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately 3 months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Estate, Rental and Leasing Earnings in Pennsylvania (PAEREA), retrieved from FRED.