Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Austria
Annual, Not Seasonally Adjusted
LRHU24MAATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.41
Year-over-Year Change
1.22%
Date Range
1/1/1994 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures annual housing affordability in the United States. This metric is closely watched by economists and policymakers to assess housing market conditions and the ability of households to afford homes.
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 indicator tracks the Housing Opportunity Index (HOI), which represents the share of homes sold in a given area that would have been affordable to a family earning the local median income. It provides insights into housing affordability at the national level.
Methodology
The data is calculated based on information from the National Association of Home Builders and Wells Fargo.
Historical Context
The HOI is used by government agencies, economists, and real estate analysts to inform policy decisions and market analysis.
Key Facts
- The national HOI was 58.3% in 2021.
- Housing affordability declined in 2022 due to rising interest rates.
- Affordability varies significantly by region and local market conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the Housing Opportunity Index (HOI), which represents the share of homes sold that would have been affordable to a family earning the local median income.
Q: Why is this trend relevant for users or analysts?
A: The HOI is a key indicator of housing affordability and is closely watched by economists, policymakers, and real estate professionals to assess market conditions and the ability of households to afford homes.
Q: How is this data collected or calculated?
A: The data is calculated based on information from the National Association of Home Builders and Wells Fargo.
Q: How is this trend used in economic policy?
A: The HOI is used by government agencies, economists, and real estate analysts to inform policy decisions and market analysis related to housing affordability and market conditions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not capture rapid changes in housing affordability due to factors like interest rate fluctuations.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHU24MAATA156N), retrieved from FRED.