Other Prices: Cost of Construction: Residential: Total for Germany
Annual
OPCNRE01DEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.75
Year-over-Year Change
64.08%
Date Range
1/1/1960 - 1/1/2022
Summary
The Annual trend measures the annual percent change in the cost of owner-occupied housing in the United States. This metric is a key indicator of housing affordability and overall inflation.
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 trend tracks the year-over-year percent change in the cost of owner-occupied housing, a major component of the Consumer Price Index (CPI). It provides insight into the cost of shelter, a significant portion of household budgets.
Methodology
The data is calculated based on the rental equivalent methodology used in the CPI.
Historical Context
This indicator is closely watched by policymakers, real estate analysts, and consumers to assess housing market conditions.
Key Facts
- Owner-occupied housing accounts for over 20% of the CPI basket.
- Shelter costs have risen faster than overall inflation in recent years.
- Annual percent changes can inform rent and mortgage rate forecasts.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the cost of owner-occupied housing in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into housing affordability and overall inflation, making it a key metric for policymakers, real estate professionals, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated based on the rental equivalent methodology used in the Consumer Price Index (CPI).
Q: How is this trend used in economic policy?
A: The Annual trend is closely watched by policymakers to assess housing market conditions and its impact on overall inflation and consumer spending.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual (OPCNRE01DEA661N), retrieved from FRED.