Real Estate, Rental and Leasing Earnings in South Dakota
SDEREA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,618,985.00
Year-over-Year Change
0.38%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Real Estate, Rental and Leasing Earnings in South Dakota' trend measures income and earnings in the real estate, rental, and leasing sector of the South Dakota economy. This provides important insights into the state's housing and commercial property markets.
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
This series tracks earnings, including wages and salaries, for businesses and individuals working in real estate, rental, and leasing activities in South Dakota. It is a key indicator of economic conditions and investment in the state's property markets.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and individuals.
Historical Context
Policymakers and analysts use this metric to assess the health and growth of South Dakota's real estate and rental markets.
Key Facts
- Real estate earnings in South Dakota totaled $2.1 billion in 2021.
- The sector accounts for over 4% of the state's total economic output.
- Earnings grew by 7.2% in 2021 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This metric tracks income and earnings for businesses and individuals working in real estate, rental, and leasing activities in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: It provides important insights into the health and growth of South Dakota's housing and commercial property markets, which are crucial to the state's overall economic performance.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys of businesses and individuals in the real estate, rental, and leasing sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of South Dakota's property markets and make informed decisions about economic development, housing policy, and other relevant areas.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Estate, Rental and Leasing Earnings in South Dakota (SDEREA), retrieved from FRED.