Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Utah
Quarterly, Seasonally Adjusted Annual Rate
UTARTENTRECRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,033.30
Year-over-Year Change
26.26%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (SAAR) for U.S. total real estate construction measures the annualized pace of new residential and commercial real estate projects.
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 provides insight into the overall health and activity of the U.S. real estate construction sector. It is a key metric used by economists and policymakers to assess the strength of the broader economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by real estate investors, construction firms, and government agencies to inform economic forecasting and policy decisions.
Key Facts
- The SAAR peaked at $856 billion in Q4 2020.
- Real estate construction accounts for over 6% of U.S. GDP.
- This metric has experienced volatility during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (SAAR) for U.S. total real estate construction measures the annualized pace of new residential and commercial real estate projects.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the overall health and activity of the U.S. real estate construction sector, which is a key driver of economic growth and a crucial data point for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by real estate investors, construction firms, and government agencies to inform economic forecasting and policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, and there may be occasional delays or revisions to the historical figures.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (UTARTENTRECRQGSP), retrieved from FRED.