Chain-Type Quantity Index for Real GDP: Real Estate (531) in Maryland
MDREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.21
Year-over-Year Change
7.72%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Maryland measures the inflation-adjusted output of the real estate industry in Maryland. This trend is an important indicator of economic activity and real estate market conditions in the state.
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 Chain-Type Quantity Index tracks changes in the real (inflation-adjusted) output of the real estate sector in Maryland. It is part of the broader measure of real GDP, providing insight into the productivity and performance of this key industry within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changes in prices and quantities over time.
Historical Context
Policymakers and analysts use this measure to assess the health of Maryland's real estate market and its contribution to overall economic growth.
Key Facts
- The index is based on 2012 dollars.
- It covers the real estate, rental, and leasing industry.
- The data is available quarterly since 2005.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Maryland measures the inflation-adjusted output or production of the real estate industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and productivity of Maryland's real estate sector, which is a key driver of the state's overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changes in prices and quantities over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this measure to assess the health of Maryland's real estate market and its contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is available quarterly with a lag of several months, so it may not reflect the most recent real estate market conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate (531) in Maryland (MDREALQGSP), retrieved from FRED.