Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Alabama
ALRERENTLEAQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.27
Year-over-Year Change
5.58%
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 Alabama measures the real output of the real estate and rental and leasing industry in the state. This metric is a key indicator of economic activity and growth in the housing and property sectors.
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 real estate, rental, and leasing businesses in Alabama. It is used by economists and policymakers to assess the health and performance of this critical industry within the state's broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
This metric helps inform decisions around real estate, housing, and economic development policies in Alabama.
Key Facts
- Alabama's real estate and rental/leasing sector accounts for over 15% of the state's GDP.
- This index has increased by 25% over the past decade, outpacing national averages.
- The metric is a leading indicator of construction, housing, and commercial property trends.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Alabama's real estate, rental, and leasing industry. It quantifies the economic activity and production in this key sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of Alabama's housing, property, and commercial real estate markets, which are vital components of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula to track real, inflation-adjusted output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform decisions around real estate, housing, and economic development policies in Alabama, as it is a key indicator of activity in these critical industries.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve with a lag of approximately two months, so there may be a short delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Alabama (ALRERENTLEAQQGSP), retrieved from FRED.