Private New Construction Expenditure, Nonfarm Residential, 1-4 Family Dwelling for United States
A0218AUSA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,855.00
Year-over-Year Change
308.10%
Date Range
1/1/1946 - 1/1/1958
Summary
This metric tracks private investment in the construction of new single-family homes in the United States. It is a key economic indicator for the housing market and broader economic activity.
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 private new construction expenditure for nonfarm, 1-4 family residential dwellings represents the dollar value of construction put in place for privately-owned new single-family housing units. It is an important barometer for the health of the residential real estate sector and consumer confidence.
Methodology
The data is collected through surveys of construction firms and building permits by the U.S. Census Bureau.
Historical Context
This metric informs Federal Reserve policy decisions and is closely watched by economists, investors, and policymakers.
Key Facts
- New single-family housing construction accounts for over half of total residential investment.
- This metric has declined significantly during economic recessions.
- New home construction is a major driver of economic growth and employment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks private investment in the construction of new single-family homes in the United States. It represents the dollar value of construction put in place for privately-owned new 1-4 family residential dwellings.
Q: Why is this trend relevant for users or analysts?
A: New residential construction is a key indicator of housing market health and broader economic activity. It informs Federal Reserve policy decisions and is closely watched by economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and building permits by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is used by the Federal Reserve and other policymakers to assess the state of the housing market and make informed decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau with a typical 1-2 month lag. There may be revisions to previously reported figures.
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Citation
U.S. Federal Reserve, Private New Construction Expenditure, Nonfarm Residential, 1-4 Family Dwelling for United States (A0218AUSA398NNBR), retrieved from FRED.