Private New Construction Expenditures, Nonfarm Residential, Multifamily Dwellings for United States
A0219AUSA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
816.00
Year-over-Year Change
382.84%
Date Range
1/1/1869 - 1/1/1949
Summary
This economic indicator tracks expenditures on new private nonfarm residential construction of multifamily dwellings in the United States. It's a key metric for understanding housing market trends and economic conditions.
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 Expenditures, Nonfarm Residential, Multifamily Dwellings metric measures the total dollar value of new construction projects for multi-unit residential buildings, such as apartment complexes. This data is used by economists and policymakers to assess the health of the housing sector and broader economy.
Methodology
The data is collected through surveys of construction companies and project owners by the U.S. Census Bureau.
Historical Context
This indicator helps inform decisions around housing policy, mortgage lending, and real estate investment.
Key Facts
- Multifamily construction represents about 30% of total residential construction spending.
- New multifamily construction hit a record high in 2022 amid strong rental demand.
- Multifamily starts tend to be more volatile than single-family construction.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks expenditures on new private nonfarm residential construction projects for multifamily dwellings, such as apartment buildings, in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into housing market conditions and the broader economy, as multifamily construction is a key component of residential investment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and project owners by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator helps inform decisions around housing policy, mortgage lending, and real estate investment.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one to two months.
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Citation
U.S. Federal Reserve, Private New Construction Expenditures, Nonfarm Residential, Multifamily Dwellings for United States (A0219AUSA398NNBR), retrieved from FRED.