Real Gross Domestic Product: All Industry Total in Missouri
Annual, Not Seasonally Adjusted
MORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
356,653.40
Year-over-Year Change
20.28%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total mortgage originations for the U.S. housing market. This key economic indicator provides insights into mortgage lending activity and consumer demand for home loans.
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 'Annual, Not Seasonally Adjusted' trend represents the total dollar volume of new mortgage originations over a 12-month period. It is a widely-tracked metric used by economists, policymakers, and financial analysts to gauge the health and growth of the housing and mortgage industries.
Methodology
The data is collected through surveys of mortgage lenders and compiled by the Federal Reserve.
Historical Context
Mortgage origination trends are closely monitored for their implications on monetary policy, consumer spending, and real estate investment.
Key Facts
- Mortgage originations totaled over $4 trillion in 2021.
- The mortgage industry employs over 300,000 workers in the U.S.
- Mortgage rates are a key factor in home affordability and housing demand.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total dollar volume of new mortgage loans originated over a 12-month period in the U.S.
Q: Why is this trend relevant for users or analysts?
A: Mortgage origination data provides insights into consumer demand for housing, the availability of mortgage credit, and the overall health of the real estate and finance sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of mortgage lenders and compiled by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Mortgage origination trends are closely monitored by policymakers, central banks, and financial institutions for their implications on monetary policy, consumer spending, and real estate investment.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is released on a monthly basis with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MORGSP), retrieved from FRED.