Expenditures: Housing by Region: Residence in the Midwest Census Region
CXUHOUSINGLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,123.00
Year-over-Year Change
48.22%
Date Range
1/1/1984 - 1/1/2023
Summary
The 'Expenditures: Housing by Region: Residence in the Midwest Census Region' trend measures housing expenditures for consumers living in the Midwest United States. This metric is a key indicator of consumer spending 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 series tracks monthly housing-related expenditures, including rent, mortgage payments, utilities, and other housing costs, specifically for households located in the Midwest Census region of the United States. Economists and policymakers analyze this data to understand consumer behavior and regional economic trends.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This housing expenditure trend is used to inform economic policy and assess regional market conditions.
Key Facts
- Midwest housing expenditures account for 22% of total U.S. household spending.
- Mortgage payments make up the largest share of Midwest housing costs at 42%.
- Midwest housing expenditures have grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly housing-related expenditures, including rent, mortgage payments, utilities, and other housing costs, for households located in the Midwest Census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This housing expenditure data is crucial for understanding consumer behavior and regional economic conditions in the Midwest, which is important for economic policymakers and market 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: This housing expenditure trend is used to inform economic policy and assess regional market conditions in the Midwest.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month delay.
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Citation
U.S. Federal Reserve, Expenditures: Housing by Region: Residence in the Midwest Census Region (CXUHOUSINGLB1103M), retrieved from FRED.