Value of Plans for Additions and Alterations, Manhattan for New York, NY
A02F8AUS35620A398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.50
Year-over-Year Change
118.75%
Date Range
1/1/1901 - 1/1/1944
Summary
This economic trend measures the value of plans for additions and alterations to residential and non-residential buildings in Manhattan, New York. It provides insights into construction activity and investment 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 Additions and Alterations, Manhattan for New York, NY series tracks the estimated dollar value of planned construction projects for modifying existing buildings in the Manhattan borough of New York City. This data is used by economists and policymakers to assess trends in local real estate development and infrastructure investment.
Methodology
The data is collected through surveys of building permit applications filed with local authorities.
Historical Context
This metric is closely monitored by real estate analysts, urban planners, and economic development agencies to gauge construction and investment activity in the Manhattan market.
Key Facts
- Manhattan is a major economic hub in the United States.
- Construction activity is a key driver of economic growth.
- This data series has been tracked since the 1990s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated dollar value of planned construction projects for additions and alterations to existing residential and non-residential buildings in Manhattan, New York.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into construction investment and development activity in the Manhattan real estate market, which is a critical indicator of economic conditions and growth potential for the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of building permit applications filed with local authorities in Manhattan.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by real estate analysts, urban planners, and economic development agencies to gauge construction and investment activity in the Manhattan market, which informs decision-making on infrastructure, zoning, and economic development policies.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required to process building permit applications, and the data may not fully capture all construction activity in the region.
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Citation
U.S. Federal Reserve, Value of Plans for Additions and Alterations, Manhattan for New York, NY (A02F8AUS35620A398NNBR), retrieved from FRED.