Regional Price Parities: Services: Housing for Arizona
AZRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.58
Year-over-Year Change
14.57%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for Arizona trend measures relative housing costs in Arizona compared to the national average. This statistic is important for policymakers and economists analyzing regional economic conditions and cost of living.
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
The Regional Price Parities: Services: Housing for Arizona index represents the relative cost of housing services in Arizona versus the national average. It is used to adjust economic data and make regional comparisons, particularly for measures of income, prices, and standards of living.
Methodology
This statistic is calculated by the U.S. Bureau of Economic Analysis using a survey of housing prices and rents across the country.
Historical Context
The Regional Price Parities data helps inform policy decisions related to cost-of-living adjustments, regional economic development, and comparative analysis of economic conditions.
Key Facts
- Arizona's housing services costs are 94.5% of the national average.
- The Regional Price Parities data is published annually by the BEA.
- This index helps adjust income data to account for regional price differences.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing for Arizona measures the relative cost of housing services in Arizona compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This statistic is important for adjusting economic data and making regional comparisons, particularly for measures of income, prices, and standards of living.
Q: How is this data collected or calculated?
A: The Regional Price Parities are calculated by the U.S. Bureau of Economic Analysis using a survey of housing prices and rents across the country.
Q: How is this trend used in economic policy?
A: The Regional Price Parities data helps inform policy decisions related to cost-of-living adjustments, regional economic development, and comparative analysis of economic conditions.
Q: Are there update delays or limitations?
A: The Regional Price Parities data is published annually by the BEA, with a delay of approximately one year.
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Citation
U.S. Bureau of Economic Analysis, Regional Price Parities: Services: Housing for Arizona (AZRPPSERVERENT), retrieved from FRED.