All Employees: Government: State Government in North Carolina
Not Seasonally Adjusted
SMU37000009092000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
217.90
Year-over-Year Change
2.59%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic indicator measures the number of new building permits issued for residential construction projects in the United States, excluding seasonal adjustments.
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 Not Seasonally Adjusted building permits metric tracks the raw number of new residential building permits granted, without accounting for typical seasonal variations. This provides a direct, unfiltered view of construction activity that is valuable for analysts and policymakers.
Methodology
The data is collected through surveys of local government authorities that issue residential building permits.
Historical Context
Building permit trends offer insights into the health of the housing market and overall economic conditions.
Key Facts
- Building permits reached an all-time high in 2005.
- Permits declined sharply during the 2008 financial crisis.
- Permit issuance has rebounded in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the raw number of new residential building permits issued in the United States, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: Building permit data provides a direct, unfiltered view of construction activity, offering insights into the health of the housing market and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local government authorities that issue residential building permits.
Q: How is this trend used in economic policy?
A: Building permit trends are closely monitored by economists, analysts, and policymakers as an indicator of the housing market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (SMU37000009092000001), retrieved from FRED.