Expenditures: Shelter by Housing Tenure: Home Owner
CXUSHELTERLB1702M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,302.00
Year-over-Year Change
48.35%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures monthly expenditures on shelter by homeowners in the United States. It is a key indicator of housing costs 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
The Expenditures: Shelter by Housing Tenure: Home Owner trend represents the average monthly outlays on housing for individuals who own their homes. This data point is widely used by economists and policymakers to track changes in the cost of living and consumer behavior.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform discussions around housing affordability, inflation, and consumer financial health.
Key Facts
- Homeowner shelter expenditures averaged $1,118 per month in 2022.
- Shelter costs make up the largest share of household budgets for homeowners.
- The trend has risen steadily in recent years due to higher mortgage rates and home prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on shelter by homeowners in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding changes in the cost of living, consumer spending patterns, and housing affordability.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to inform discussions around housing costs, inflation, and consumer financial health.
Q: Are there update delays or limitations?
A: There can be a lag of several months before the latest data is published.
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Citation
U.S. Federal Reserve, Expenditures: Shelter by Housing Tenure: Home Owner (CXUSHELTERLB1702M), retrieved from FRED.