The U.S. homeownership rate was 65.0 percent in the second quarter of 2026, statistically unchanged from a year earlier. The rental vacancy rate was 7.3 percent and the homeowner vacancy rate was 1.2 percent. Affordability pressures and limited supply continue to keep the rate in a narrow mid-60s band.
The United States’ state economies are among the largest in the world. According to the U.S. Bureau of Economic Analysis, California’s GDP reached $4.251 trillion in 2025, followed by Texas at $2.904 trillion and New York at $2.468 trillion. This article ranks all 50 states by GDP, explains how state GDP is calculated, and highlights key trends in economic output, GDP per capita, and real growth.
U.S. real GDP grew 2.1% in 2025, the slowest annual pace since the pandemic contraction in 2020 and down from 2.8% in 2024. Early 2026 data show a rebound, with year-over-year growth of 2.7% in the first quarter. This article examines annual growth rates, the difference between nominal and real GDP, and the key factors behind recent trends.
Nominal GDP measures the value of all final goods and services produced in a country at current market prices, while real GDP adjusts that value for inflation to reflect actual changes in output. The GDP deflator is the key tool that links the two measures. Understanding the difference is essential for interpreting whether economic growth represents real expansion or simply rising prices.
In 2025, the District of Columbia had the highest GDP per capita among U.S. states and territories at $274,286, while Mississippi ranked last at $56,100. The national average across 51 states was $88,400, with a median of $81,600. These figures reflect wide regional disparities in economic output per person.
California is the largest state economy in the United States, with a nominal gross domestic product of about $4.1 trillion in 2025. If California were an independent country, it would rank as the world’s fourth-largest economy, behind only the United States, China, and Germany. Texas, New York, and Florida follow as the next-largest state economies, each producing more than $1 trillion in GDP.
U.S. nominal gross domestic product reached $30.76 trillion in 2025, up 5.0 percent from $29.30 trillion in 2024, according to the Bureau of Economic Analysis. The annual series shows steady growth since the 2020 pandemic dip, with the largest recent jump in 2021. This article summarizes the latest official GDP figures, historical trends, and what the numbers mean.
The U.S. gross domestic product (GDP) reached $31.866 trillion in current dollars in the first quarter of 2026, according to the Bureau of Economic Analysis. Real GDP grew at an annual rate of 1.5 percent in the second quarter of 2026, following 2.1 percent growth in the first quarter. This article explains how GDP is measured, what is driving recent changes, and why the figure matters.
National Summary relies exclusively on official, publicly documented U.S. data sources. The publication’s core data pipeline draws from NOAA’s Global Summary of the Month for climate, the Bureau of Labor Statistics’ Current Employment Statistics for jobs, and the National Interagency Coordination Center’s Incident Management Situation Report for wildfire activity. This article explains how those sources work, how often they are updated, and why their documentation matters.
U.S. government statistics shape policy, markets, and public understanding, but they are not raw truths. They are estimates built from surveys, administrative records, and complex methodologies that require careful interpretation. This guide explains where federal data comes from, how to read key releases such as the BLS jobs report and CPI, and how to spot common pitfalls in economic charts.