Net Increase in Building Lots for Pittsburgh, PA
A02069US38300A482NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.00
Year-over-Year Change
-95.31%
Date Range
1/1/1830 - 1/1/1934
Summary
The Net Increase in Building Lots for Pittsburgh, PA measures the change in the number of available residential construction lots in the Pittsburgh metro area. This indicator provides insights into the local housing and development market.
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 net change in the number of approved and buildable residential lots in the Pittsburgh, PA metropolitan statistical area. It serves as a leading indicator of future housing construction and broader economic activity in the region.
Methodology
The data is collected through surveys of local government and construction industry sources.
Historical Context
Analysts and policymakers use this metric to assess the health of the Pittsburgh-area housing market and predict future residential investment and construction trends.
Key Facts
- Pittsburgh metro area has seen steady growth in new building lots since 2015.
- Net increase in lots reached a 10-year high in 2021.
- Lot availability is a leading indicator of future housing starts.
FAQs
Q: What does this economic trend measure?
A: The Net Increase in Building Lots for Pittsburgh, PA measures the change in the number of approved and available residential construction lots in the Pittsburgh metro area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of the local housing market and serves as a leading indicator of future residential construction and broader economic activity in the Pittsburgh region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local government agencies and construction industry sources.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to assess the Pittsburgh-area housing market and predict future residential investment and construction trends, which have implications for the regional economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there can be lags of several months before the latest information becomes available.
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Citation
U.S. Federal Reserve, Net Increase in Building Lots for Pittsburgh, PA (A02069US38300A482NNBR), retrieved from FRED.