Gross Domestic Product: Real Estate and Rental and Leasing (53) in Arizona
Quarterly, Seasonally Adjusted Annual Rate
AZRERENTLEANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,421.50
Year-over-Year Change
31.01%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate measures the inflation-adjusted value of the annual rental income of owner-occupied real estate in the United States. This metric is a key indicator of the health of the housing market and consumer spending.
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 real, seasonally adjusted annual rate of rental income from owner-occupied housing. It is a measure of the imputed rent that homeowners would pay to themselves if they were renting their own homes. Economists use this data to understand broader trends in the housing sector and consumer behavior.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a combination of survey information and statistical modeling.
Historical Context
Policymakers and analysts closely monitor this metric to assess the state of the housing market and gauge consumer financial conditions.
Key Facts
- The series is reported quarterly.
- It is adjusted for seasonal variations.
- The data is reported at an annualized rate.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted annual rental income from owner-occupied housing in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health of the housing market and consumer spending patterns, which are key factors in assessing the broader economic condition.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a combination of survey information and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the state of the housing market and gauge consumer financial conditions, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a short delay, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (AZRERENTLEANQGSP), retrieved from FRED.