Value of Plans for Commercial and Industrial Buildings, Manhattan for New York, NY
A0256BUS35620A398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.95
Year-over-Year Change
1171.91%
Date Range
1/1/1902 - 1/1/1944
Summary
This economic trend measures the value of planned commercial and industrial construction projects in Manhattan, New York. It provides insight into business investment and economic activity in the region.
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 Value of Plans for Commercial and Industrial Buildings, Manhattan for New York, NY series tracks the estimated dollar value of building permits issued for new commercial and industrial construction projects in Manhattan. This metric is a leading indicator of real estate development and business investment.
Methodology
The data is collected by tracking building permit applications filed with local authorities.
Historical Context
This trend is closely monitored by real estate analysts, urban planners, and policymakers to assess the business climate and economic outlook for Manhattan.
Key Facts
- Manhattan is a major hub for commercial and industrial real estate development.
- Building permit values reflect planned investment and economic confidence.
- This indicator leads other construction and business activity metrics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated dollar value of planned commercial and industrial construction projects in Manhattan, New York.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into business investment, real estate development, and the overall economic outlook for Manhattan.
Q: How is this data collected or calculated?
A: The data is collected by tracking building permit applications filed with local authorities in Manhattan.
Q: How is this trend used in economic policy?
A: Policymakers and urban planners use this trend to assess the business climate and inform decisions on economic development, zoning, and infrastructure investments.
Q: Are there update delays or limitations?
A: There may be lags in reporting building permit data, and the series only covers the Manhattan borough of New York City.
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Citation
U.S. Federal Reserve, Value of Plans for Commercial and Industrial Buildings, Manhattan for New York, NY (A0256BUS35620A398NNBR), retrieved from FRED.