Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Missouri
Quarterly, Seasonally Adjusted Annual Rate
MOARTENTRECNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,012.50
Year-over-Year Change
43.44%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate measures the value of total real estate-related mortgage originations, a key indicator of housing market activity and consumer credit conditions.
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 series tracks the dollar volume of mortgage originations, including refinances and new home purchases, on a seasonally adjusted annualized basis. It is a vital statistic for understanding trends in housing, consumer spending, and broader economic conditions.
Methodology
The data is collected and calculated by the Mortgage Bankers Association based on a survey of mortgage lenders.
Historical Context
Policymakers and analysts monitor this trend to assess the health of the housing and mortgage markets.
Key Facts
- Mortgage originations peaked in 2003 at over $3.8 trillion.
- The series reached a low of $1.1 trillion during the 2008 financial crisis.
- Originations have gradually recovered since the recession, reaching $2.4 trillion in 2021.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate measures the total dollar volume of mortgage originations, including refinances and new home purchases.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of housing market activity, consumer credit conditions, and broader economic trends. It is closely monitored by policymakers, lenders, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Mortgage Bankers Association based on a survey of mortgage lenders.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of the housing and mortgage markets, which have significant implications for consumer spending, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 45 days. There may be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MOARTENTRECNQGSP), retrieved from FRED.