Expenditures for Additions and Alterations, One to Four-Family Nonfarm Dwellings for United States
A02271USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.00
Year-over-Year Change
32.22%
Date Range
1/1/1867 - 1/1/1914
Summary
This economic trend measures spending on home renovations and additions for single-family residences in the United States. It provides insight into household investment and the state 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 Additions and Alterations, One to Four-Family Nonfarm Dwellings metric tracks consumer spending on home improvement projects for single-family homes. This data point is used by economists and policymakers to gauge residential investment and consumer confidence.
Methodology
The data is collected through surveys of building material suppliers and construction firms.
Historical Context
This metric is closely watched as an indicator of consumer sentiment and the broader health of the housing sector.
Key Facts
- Home improvement spending accounts for a significant portion of residential investment.
- Renovations often increase a home's value and energy efficiency.
- Trends in home improvement activity can signal changes in consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on home renovation and addition projects for single-family dwellings in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into household investment, consumer sentiment, and the overall health of the housing market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of building material suppliers and construction firms.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to gauge residential investment and consumer confidence, which are important factors in assessing the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Expenditures for Additions and Alterations, One to Four-Family Nonfarm Dwellings for United States (A02271USA398NNBR), retrieved from FRED.