Regional Price Parities: Services: Housing for North Carolina
NCRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.84
Year-over-Year Change
5.89%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for North Carolina measures geographic differences in housing costs across the state. This trend is important for understanding variations in the cost of living and informing economic and policy decisions.
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 Regional Price Parities: Services: Housing for North Carolina provides an index that compares housing costs in different regions of the state relative to the national average. This data helps identify areas with relatively high or low housing expenses, which is crucial for assessing cost-of-living differences and informing policy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis using a survey-based approach.
Historical Context
Policymakers and businesses use this data to make informed decisions about economic development, tax policy, and consumer markets.
Key Facts
- North Carolina's housing costs are about 92% of the national average.
- Housing expenses vary widely across North Carolina, with the most expensive regions costing over 20% more than the state average.
- This data is used to adjust federal programs like cost-of-living allowances for government employees.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing for North Carolina measures geographic differences in housing costs across the state compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding variations in the cost of living within North Carolina and informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis using a survey-based approach.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this data to make informed decisions about economic development, tax policy, and consumer markets.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months.
Related Trends
All Employees: Construction in North Carolina
NCCONS
Gross Domestic Product: Private Services-Providing Industries in North Carolina
NCPRISERVPRONGSP
Housing Inventory: New Listing Count Month-Over-Month in North Carolina
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Gross Domestic Product: Professional and Business Services (54, 55, 56) in North Carolina
NCPROBUSNGSP
Gross Domestic Product: Professional, Scientific, and Technical Services (54) in North Carolina
NCPROBUSNQGSP
Housing Inventory: New Listing Count Year-Over-Year in North Carolina
NEWLISCOUYYNC
Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing for North Carolina (NCRPPSERVERENT), retrieved from FRED.