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1997 ECONOMIC CENSUS - REAL ESTATE AND RENTAL AND LEASING
PURPOSE
To provide periodic and comprehensive statistics about real estate and rental and leasing establishments and their activities. The United States Code, Title 13, requires this census and provides for mandatory responses.
COVERAGE
All domestic establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. Also included are establishments primarily engaged in managing real estate for others, selling, renting and/or buying real estate for others, and appraising real estate. These are businesses classified in NAICS sector 53. In 1997: land subdividers and developers, except cemeteries (NAICS 23311) are covered by the census of construction, cemetery subdividers and developers (NAICS 81222) are covered by the census of other service industries, real estate investment trusts (NAICS 525) are covered by the census of finance and insurance. In 1997, over 288 thousand employer establishments accounted for over $241 billion of revenue in NAICS sector 53.
CONTENT
Basic data obtained for all reporting units include kind of business, geographic location, revenue, annual and first quarter payroll, and the number of employees for the pay period including March 12. Establishments receiving a census form provide additional data such as revenue by source and other industry-specific measures.
FREQUENCY
Every 5 years, beginning in 1992, for years ending in "2" and "7." Data collection begins in December of the census year and reports are due about 8 weeks later. Data are requested for activities taking place during the census calendar year.
METHODS
A mail-out/mail-back data collection for all establishments of multiunit companies and most single-establishment employers; administrative records data for some small employers.
In most industries of NAICS 53, single establishment employer firms receive a census form if they have annualized payrolls above a size cutoff. Employer establishments in this sector that are below the size cutoff are sampled using a stratified sample with strata based on kind of business and geography. Basic data for small employers not selected in this sample are obtained from Federal administrative records. For this sector, estimates of revenue by source and other industry-specific data are based partly on small employer sample results.
PRODUCTS
Geographic Area Series consist of 52 PDF (portable document format) reports, one for the U.S., each state, and the District of Columbia. Reports tabulate data for establishments of companies with payroll by kind of business for the U.S., states, metropolitan areas, counties, and places.
Subject Series reports will consist of 4 reports: Establishment and Firm Size, Sources of Revenue, Miscellaneous Subjects, and a Summary Report.
USES
The Bureau of Economic Analysis will use the data to benchmark the national income and product accounts and input-output tables. The Bureau of Labor Statistics will use the data in developing productivity measures.
Trade associations will use census data to analyze their industry. Real Estate and Rental and Leasing enterprises will use census data to determine their market share, evaluate their performance relative to the rest of the industry, and develop marketing strategies.
SPECIAL FEATURES
The only source of detailed industry and geographic data on revenue, revenue by source, and key industry-specific measures.
Core Business Statistics Series: SIC-Based Comparative Statistics | Bridge Between NAICS and SIC
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