Regional Price Parities: Services: Housing: Metropolitan Portion for Colorado
COMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.52
Year-over-Year Change
10.24%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Metropolitan Portion for Colorado measures the relative price differences for housing services in Colorado's metro areas compared to the national average. This data point is key for economists and policymakers analyzing cost of living and regional economic conditions.
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 a comprehensive view of how housing costs in Colorado's metropolitan areas compare to the national average. It captures price differences for various housing services, enabling deeper analysis of regional economic competitiveness and policy implications.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Economists and urban planners use this data to assess regional affordability and guide policies related to housing, economic development, and quality of life.
Key Facts
- Colorado's metro housing costs are 8.4% above the national average.
- Prices for housing services have risen 2.9% in Colorado over the past year.
- The metro portion accounts for 91% of Colorado's overall regional price parity.
FAQs
Q: What does this economic trend measure?
A: This metric measures the relative price differences for housing services in Colorado's metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for economists and policymakers to assess regional cost of living, economic competitiveness, and implications for housing, development, and quality of life policies.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Economists and urban planners use this data to analyze regional affordability and guide policies related to housing, economic development, and quality of life.
Q: Are there update delays or limitations?
A: The data is published annually with a 1-year lag, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Metropolitan Portion for Colorado (COMPRPPSERVERENT), retrieved from FRED.