Expenditures for New Private Nonfarm Housekeeping Units, Constant Dollars for United States
A02270USA379NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,114.00
Year-over-Year Change
361.57%
Date Range
1/1/1889 - 1/1/1946
Summary
This economic trend measures the total expenditures on new private nonfarm housing units in the United States, adjusted for inflation. It provides insight into residential investment and the overall health of the housing 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, Constant Dollars series tracks the value of new residential construction in the U.S. This metric is used by economists and policymakers to assess the state of the housing sector and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of construction activity.
Historical Context
This trend serves as an important indicator for the Federal Reserve, housing industry, and financial markets.
Key Facts
- Residential investment accounts for over 3% of U.S. GDP.
- New housing construction is a leading indicator of economic growth.
- Inflation-adjusted expenditures reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total inflation-adjusted expenditures on new private nonfarm housing units in the United States.
Q: Why is this trend relevant for users or analysts?
A: The new residential construction spending trend provides insight into the health of the housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of construction activity.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve, housing industry, and financial markets as an indicator of residential investment and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Expenditures for New Private Nonfarm Housekeeping Units, Constant Dollars for United States (A02270USA379NNBR), retrieved from FRED.