Expenditures for New Private Nonfarm Housekeeping Units for United States
A02269USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,795.00
Year-over-Year Change
41.12%
Date Range
1/1/1889 - 1/1/1921
Summary
This economic trend measures spending on new private housing construction in the United States, providing insights into the health of the residential real estate 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
The Expenditures for New Private Nonfarm Housekeeping Units metric tracks investment in new single-family and multi-family housing projects across the country. It is a key indicator of economic growth and consumer confidence, as housing construction is a significant driver of overall economic activity.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of construction companies and permit records.
Historical Context
Policymakers and analysts closely monitor this trend to assess the state of the housing market and make informed decisions about economic and monetary policy.
Key Facts
- New housing construction accounts for over 4% of U.S. GDP.
- Housing starts declined sharply during the 2008 financial crisis but have since recovered.
- Mortgage rates and consumer confidence are key drivers of new housing investment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks spending on the construction of new private housing units in the United States, including both single-family homes and multi-family developments.
Q: Why is this trend relevant for users or analysts?
A: New housing construction is a significant component of economic growth and a key indicator of consumer confidence, making this trend an important metric for policymakers, investors, and real estate professionals.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects and compiles this data based on surveys of construction companies and building permit records.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor housing construction activity to assess the overall health of the economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the Census Bureau, with a typical release lag of around 1-2 months.
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Citation
U.S. Federal Reserve, Expenditures for New Private Nonfarm Housekeeping Units for United States (A02269USA398NNBR), retrieved from FRED.