Real Estate, Rental and Leasing Earnings in North Dakota
NDEREA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,436,043.00
Year-over-Year Change
5.28%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the earnings in the real estate, rental, and leasing sector in North Dakota. It provides insights into the performance of this important part of the state's economy.
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 Real Estate, Rental and Leasing Earnings in North Dakota series tracks the total earnings, including wages and salaries, in this industry within the state. It is a key indicator of activity and growth in the North Dakota real estate market.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by economists and policymakers to assess the health of North Dakota's real estate and housing markets.
Key Facts
- North Dakota's real estate sector accounts for over 5% of the state's GDP.
- Real estate earnings have grown by over 20% in North Dakota since 2015.
- The state has seen a housing construction boom in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total earnings, including wages and salaries, in the real estate, rental, and leasing sector within the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and growth of North Dakota's real estate market, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the health of North Dakota's real estate and housing markets, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Estate, Rental and Leasing Earnings in North Dakota (NDEREA), retrieved from FRED.