Consumer Unit Characteristics: Percent Renter by Region: Residence in the Northeast Census Region
CXU980260LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.00
Year-over-Year Change
5.56%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the percentage of consumer units that rent their homes in the Northeast Census Region of the United States. It provides insights into housing and living arrangements in this geographic area.
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 Percent Renter by Region trend reports the share of consumer units, which represent households, that rent rather than own their residences in the Northeastern United States. This metric is useful for analyzing housing markets and population demographics in the region.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and analysts use this trend to understand housing affordability and residential mobility patterns in the Northeast.
Key Facts
- The Northeast has historically had a higher share of renter households than other U.S. regions.
- Renting is more common in urban areas like New York City and Boston compared to suburban or rural areas.
- Rental affordability is a key concern for policymakers in the densely populated Northeast.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of consumer units, or households, that rent rather than own their homes in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into housing markets and population demographics in the Northeast, which is useful for policymakers, real estate professionals, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand housing affordability and residential mobility patterns in the Northeast, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Labor Statistics, but there may be a delay of several months between the reference period and the public release of the information.
Related Trends
Expenditures: Alcoholic Beverages by Age: Age 75 or over
CXUALCBEVGLB0409M
Consumer Unit Characteristics: Percent Homeowner by Age: Age 75 or over
CXUHOMEOWNLB0409M
Expenditures: Footwear by Age: Under Age 25
CXUFOOTWEARLB0402M
Expenditures: Pets by Housing Tenure: Homeowner without Mortgage
CXUPETSLB1704M
Expenditures: Housing by Race: Black or African American
CXUHOUSINGLB0905M
Income Before Taxes: Interest, Dividends, Rent Income, Property Income by Composition of Consumer Unit: Married Couple Only Consumer Units
CXUINDIVRNTLB0603M
Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Renter by Region: Residence in the Northeast Census Region (CXU980260LB1102M), retrieved from FRED.