Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in South Dakota
Annual, Not Seasonally Adjusted
SDRERENTLEARGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,093.50
Year-over-Year Change
30.43%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the annual rental growth rate for single-family residences in the United States, which is a key indicator of housing market conditions and affordability.
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, not seasonally adjusted rental growth rate provides insights into the pace of rent changes over a 12-month period. This metric is closely watched by economists, policymakers, and market analysts to understand the dynamics of the residential real estate sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of rental properties.
Historical Context
The rental growth rate is used to inform housing and monetary policies that aim to promote stable and affordable housing markets.
Key Facts
- The annual rental growth rate averaged 3.5% over the past decade.
- Rapid rent increases can contribute to housing affordability challenges.
- Rental market trends are closely watched by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual growth rate in rents for single-family residences in the United States.
Q: Why is this trend relevant for users or analysts?
A: The rental growth rate is a key indicator of housing market conditions and affordability, which is crucial for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of rental properties.
Q: How is this trend used in economic policy?
A: The rental growth rate is used to inform housing and monetary policies that aim to promote stable and affordable housing markets.
Q: Are there update delays or limitations?
A: The data is released on a regular basis with minimal delays, providing timely insights into the rental market.
Related Trends
Gross Domestic Product: Private Services-Providing Industries in South Dakota
SDPRISERVPRONGSP
Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in South Dakota
SDARTENTRECRGSP
Per Capita Personal Consumption Expenditures: Nondurable Goods for South Dakota
SDPCEPCNDURG
Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in South Dakota
SDDURMANQGSP
Personal Consumption Expenditures: Services: Health Care for South Dakota
SDPCEHLTHCARE
Average Weekly Hours of Production Employees: Manufacturing in South Dakota
SMU46000003000000007
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SDRERENTLEARGSP), retrieved from FRED.