Number of New Private Nonfarm Housing Units Started for United States
A0261AUSA610NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
208.10
Year-over-Year Change
123.76%
Date Range
1/1/1889 - 1/1/1945
Summary
The 'Number of New Private Nonfarm Housing Units Started for United States' measures the monthly pace of new residential construction, a key indicator of economic activity and housing market conditions.
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
This trend represents the number of new privately-owned housing unit construction projects that have begun in a given month across the United States. It is a leading indicator used by economists and policymakers to gauge the health and future trajectory of the housing sector.
Methodology
The data is collected through surveys of U.S. builders and developers by the U.S. Census Bureau.
Historical Context
Housing starts are closely monitored for insights into consumer demand, business investment, and the broader economic outlook.
Key Facts
- Housing starts are a leading economic indicator.
- New home construction drives employment in related industries.
- The data is published monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly number of new privately-owned housing units that have begun construction in the United States.
Q: Why is this trend relevant for users or analysts?
A: Housing starts are a closely watched indicator of economic activity, consumer demand, and the health of the real estate market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Housing starts data is monitored by economists, policymakers, and market analysts to assess the broader economic outlook and guide decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into the residential construction sector.
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Citation
U.S. Federal Reserve, Number of New Private Nonfarm Housing Units Started for United States (A0261AUSA610NNBR), retrieved from FRED.