Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Mississippi
Quarterly, Seasonally Adjusted Annual Rate
MSRERENTLEARQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,315.30
Year-over-Year Change
7.59%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (MSRERENTLEARQGSP) measures the annualized growth rate of rent for rental housing in the United States. This metric is a key indicator of housing costs and inflation pressures.
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 MSRERENTLEARQGSP series tracks the quarter-over-quarter change in rent prices for rented housing units, adjusted for seasonal factors. It provides a timely gauge of housing market conditions and is used by economists and policymakers to assess the broader cost-of-living environment.
Methodology
The data is collected through surveys of rental housing units by the U.S. Census Bureau.
Historical Context
The rent price trend is closely monitored by the Federal Reserve and other institutions in evaluating economic and inflationary pressures.
Key Facts
- Rent prices rose 7.5% in 2022 compared to 2021.
- Rental housing accounts for over 30% of the Consumer Price Index.
- Rent growth has outpaced overall inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The MSRERENTLEARQGSP series tracks the annualized quarter-over-quarter change in rent prices for rented housing units in the United States.
Q: Why is this trend relevant for users or analysts?
A: Rent prices are a key component of inflation and a crucial indicator of housing affordability. This metric helps economists and policymakers assess cost-of-living pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of rental housing units by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The rent price trend is closely monitored by the Federal Reserve and other institutions in evaluating economic and inflationary pressures, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The MSRERENTLEARQGSP data is published quarterly with a short lag, providing timely insights into rental housing market conditions.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MSRERENTLEARQGSP), retrieved from FRED.