Which of the following indicators is NOT typically monitored in the real estate market?

In the context of monitoring the real estate market, the focus is primarily on indicators that directly reflect supply, demand, and overall health of the housing and commercial property sectors. New building permits, vacancy rates, and sales volume are all critical metrics used by analysts, investors, and policymakers to gauge the activity level within the real estate market.

New building permits serve as a leading indicator of future construction activity and housing supply. Vacancy rates provide insights into the demand and absorption of space, indicating whether there are too many or too few properties on the market. Sales volume assesses the actual transactions occurring within the market, reflecting consumer interest and financial activity related to real estate.

Government spending rates, while important in a broader economic sense, do not directly correlate with real estate market dynamics in the way the other indicators do. They may influence overall economic conditions, but they do not specifically track the performance or demand for real estate properties. Hence, this is why government spending rates are not typically monitored specifically in the context of the real estate market.