Federal grants-in-aid to state and local governments: Housing and community services
G170661A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.02
Year-over-Year Change
-16.21%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures federal grants-in-aid to state and local governments for housing and community services. It is a key indicator of government funding levels for local community development initiatives.
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 Federal grants-in-aid to state and local governments: Housing and community services trend tracks the total value of federal financial assistance provided to subnational governments for housing, urban renewal, and other community improvement programs. It is an important metric for assessing the federal government's investment in local infrastructure and public services.
Methodology
The data is collected and reported quarterly by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor this trend to gauge the federal government's fiscal support for state and municipal community development efforts.
Key Facts
- This series dates back to 1947.
- Grants peaked at over $78 billion in 2010.
- Funding has declined since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of federal grants-in-aid provided to state and local governments for housing, urban renewal, and other community development initiatives.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the federal government's fiscal support for community-level programs and infrastructure, which is relevant for economists, policymakers, and local government stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the federal government's investment in state and local community development initiatives, which can inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: This data is reported on a quarterly basis, so there may be a several-month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Federal grants-in-aid to state and local governments: Housing and community services (G170661A027NBEA), retrieved from FRED.