Nonfarm Residential Building Activity for United States
A02239USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,035.40
Year-over-Year Change
-21.99%
Date Range
1/1/1850 - 1/1/1939
Summary
The Nonfarm Residential Building Activity for the United States measures the value of new residential construction, excluding farms. This metric is a key indicator of economic growth and the health of the housing sector.
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 data series tracks the dollar value of new residential building construction projects, such as single-family homes and multi-unit structures, that are not on farms. It provides insight into investment, employment, and broader economic conditions.
Methodology
The data is collected through surveys of builders and developers by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this metric to assess the strength of the housing market and its impact on the overall economy.
Key Facts
- The metric excludes residential construction on farms.
- It measures the total dollar value, not the number of units.
- Residential construction is a key driver of economic growth.
FAQs
Q: What does this economic trend measure?
A: The Nonfarm Residential Building Activity metric measures the total dollar value of new residential construction projects in the United States, excluding those on farms.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health of the housing sector and broader economic conditions, as residential construction is a significant driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the strength of the housing market and its impact on the overall economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Census Bureau, and there may be some delays in the release of the latest figures.
Related Trends
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Citation
U.S. Federal Reserve, Nonfarm Residential Building Activity for United States (A02239USA398NNBR), retrieved from FRED.