Regional Price Parities: Services: Housing: Metropolitan Portion for Virginia
VAMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.85
Year-over-Year Change
-9.00%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Metropolitan Portion for Virginia measures the relative cost of housing services in Virginia metropolitan areas compared to the national average.
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 metric provides insights into the cost of living and regional economic conditions in Virginia. It is used by policymakers, economists, and businesses to analyze differences in the purchasing power of income across geographic areas.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a comprehensive survey of housing costs.
Historical Context
This index is an important indicator for understanding regional variation in the affordability of housing services.
Key Facts
- The 2021 index value for Virginia was 102.7, indicating housing services costs 2.7% above the national average.
- Housing costs in Virginia metropolitan areas have increased by an average of 3.2% per year over the past decade.
- This metric is published annually by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing: Metropolitan Portion for Virginia measures the relative cost of housing services in Virginia metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the cost of living and regional economic conditions in Virginia, which is crucial information for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a comprehensive survey of housing costs.
Q: How is this trend used in economic policy?
A: This index is an important indicator for understanding regional variation in the affordability of housing services, which is crucial for informing economic and housing policies.
Q: Are there update delays or limitations?
A: This metric is published annually by the U.S. Bureau of Economic Analysis, with a typical update delay of 6-12 months.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Metropolitan Portion for Virginia (VAMPRPPSERVERENT), retrieved from FRED.