Regional Price Parities: Services: Housing: Metropolitan Portion for Louisiana
LAMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.19
Year-over-Year Change
-9.97%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Metropolitan Portion for Louisiana measures the relative cost of housing services in Louisiana's metropolitan areas compared to the national average.
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 regional price parity data provides insights into the geographic variation in prices for housing services within the United States. It is used by economists and policymakers to analyze regional differences in the cost of living.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a multilateral index method.
Historical Context
This metric informs discussions around housing affordability, regional economic development, and cost-of-living adjustments.
Key Facts
- Louisiana's metropolitan housing costs are 85% of the national average.
- Regional price parities vary significantly across U.S. states and metro areas.
- Housing is the largest component of the regional price parity index.
FAQs
Q: What does this economic trend measure?
A: This metric measures the relative cost of housing services in Louisiana's metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional differences in the cost of living, which is useful for analyzing housing affordability and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a multilateral index method.
Q: How is this trend used in economic policy?
A: This metric informs discussions around housing affordability, regional economic development, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not capture sudden changes in regional housing costs.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Metropolitan Portion for Louisiana (LAMPRPPSERVERENT), retrieved from FRED.