Value of Permits for Additions for Pittsburgh, PA
A02065US38300A550NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
581.00
Year-over-Year Change
76.06%
Date Range
1/1/1896 - 1/1/1944
Summary
The Value of Permits for Additions for Pittsburgh, PA measures the dollar value of permits issued for residential home additions in the Pittsburgh metropolitan area. This metric provides insight into home improvement activity and consumer confidence.
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
This series tracks the dollar value of permits for residential home additions in the Pittsburgh, PA metropolitan statistical area. Economists and policymakers use this data to gauge consumer spending and sentiment, as well as trends in the local housing market.
Methodology
The data is collected by local government agencies that issue building permits.
Historical Context
Trends in home addition permits can signal changes in consumer demand and economic conditions.
Key Facts
- Pittsburgh is the second-largest city in Pennsylvania.
- Home additions can increase a property's value and living space.
- Permit data provides a timely indicator of home improvement activity.
FAQs
Q: What does this economic trend measure?
A: The Value of Permits for Additions for Pittsburgh, PA measures the dollar value of permits issued for residential home additions in the Pittsburgh metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into home improvement activity and consumer confidence, which are important signals for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by local government agencies that issue building permits.
Q: How is this trend used in economic policy?
A: Trends in home addition permits can signal changes in consumer demand and economic conditions, which are relevant for markets, economists, and policymakers.
Q: Are there update delays or limitations?
A: The data may have a lag time as it is collected by local authorities.
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Citation
U.S. Federal Reserve, Value of Permits for Additions for Pittsburgh, PA (A02065US38300A550NNBR), retrieved from FRED.