Gross Domestic Product: Real Estate and Rental and Leasing (53) in Hawaii
Annual, Not Seasonally Adjusted
HIRERENTLEANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,977.60
Year-over-Year Change
63.91%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted change in nominal rental prices for lease agreements in the United States. It provides insights into broader rental market dynamics and inflation pressures.
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 Lease Agreements Nominal Rent Change (Not Seasonally Adjusted) series tracks the year-over-year change in nominal rental prices, offering a high-level perspective on rental market conditions. It is used by economists and policymakers to analyze inflation trends and their impact on consumer finances.
Methodology
The data is collected through surveys of landlords and property managers across the country.
Historical Context
This trend is important for monitoring housing affordability and the overall cost of living.
Key Facts
- Rental prices have increased by an average of 3.2% annually over the past decade.
- The COVID-19 pandemic led to a temporary decline in rental price growth in 2020.
- Rental costs are a significant component of the Consumer Price Index (CPI)
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted change in nominal rental prices for lease agreements in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into broader rental market dynamics and inflation pressures, which are important for analyzing housing affordability and the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of landlords and property managers across the country.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor housing affordability and the impact of rental costs on consumer finances and inflation.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (HIRERENTLEANGSP), retrieved from FRED.