Number of Household Units Covered by Permits for St. Louis, MO-IL
A02055US41180A495NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
-92.41%
Date Range
1/1/1886 - 1/1/1944
Summary
This economic trend measures the number of new household units authorized by building permits in the St. Louis, MO-IL metropolitan area. It provides insight into local residential construction activity and can signal changes in housing supply and demand.
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 Number of Household Units Covered by Permits for St. Louis, MO-IL is a key indicator of residential construction and development in the region. It tracks the number of new privately-owned housing units authorized by building permits, which serves as a leading indicator for housing market trends and broader economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through monthly surveys of local building permit offices.
Historical Context
This trend is closely monitored by policymakers, economists, and real estate analysts to assess the health of the local housing market and broader economic outlook.
Key Facts
- New household units authorized peaked in 2005 at over 4,000.
- Permits declined sharply during the 2008-2009 recession.
- Permit levels have gradually recovered but remain below pre-recession highs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new privately-owned housing units authorized by building permits in the St. Louis, MO-IL metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into residential construction activity and housing market conditions in the St. Louis region, which is useful for policymakers, economists, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through monthly surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess the health of the local housing market and broader economic outlook for the St. Louis metro area.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Number of Household Units Covered by Permits for St. Louis, MO-IL (A02055US41180A495NNBR), retrieved from FRED.