Expenditures for Additions and Alterations, One and Four-Family Nonfarm Dwellings Goldsmith, Constant Dollars for United States
A02272USA379NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228.00
Year-over-Year Change
21.28%
Date Range
1/1/1897 - 1/1/1914
Summary
This economic trend measures expenditures for additions and alterations to one and four-family nonfarm dwellings in the United States, adjusted for inflation. It provides insights into home improvement and renovation activity, which is an important indicator of consumer confidence and 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 and Four-Family Nonfarm Dwellings data series tracks inflation-adjusted spending on home improvement projects. It is used by economists and policymakers to gauge consumer sentiment and the health of the residential construction industry.
Methodology
The data is collected by the U.S. Census Bureau through surveys of home improvement and construction firms.
Historical Context
Trends in this metric can inform decisions by the Federal Reserve, housing authorities, and real estate analysts.
Key Facts
- Home improvement spending accounts for over $400 billion annually in the U.S.
- Expenditures on additions and alterations peaked in 2007 at over $300 billion.
- Renovations make up approximately 40% of total residential construction activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures inflation-adjusted expenditures for additions and alterations to one and four-family nonfarm dwellings in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer confidence and activity in the residential construction industry, which are important indicators of overall economic health.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of home improvement and construction firms.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform decisions by the Federal Reserve, housing authorities, and real estate analysts about the state of the housing market and consumer spending.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Expenditures for Additions and Alterations, One and Four-Family Nonfarm Dwellings Goldsmith, Constant Dollars for United States (A02272USA379NNBR), retrieved from FRED.