New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Alabama
ALBP1FHSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,158.75
Year-over-Year Change
-13.25%
Date Range
1/1/1988 - 6/1/2025
Summary
This economic indicator tracks the number of new private housing units authorized by building permits for 1-unit structures in Alabama. It is a leading indicator of construction activity and provides insights into the state's residential real estate 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 new private housing units authorized by building permits for 1-unit structures in Alabama is a key metric used by economists and policymakers to assess the health of the state's housing sector. It serves as an early signal of upcoming residential construction activity and investment.
Methodology
The data is collected and published monthly by the U.S. Census Bureau based on permit issuance records from local building departments.
Historical Context
Trends in this metric are closely monitored by real estate market analysts, homebuilders, and state and local governments to inform economic and housing policy decisions.
Key Facts
- Alabama issued 1,228 new 1-unit housing permits in June 2022.
- Permit authorizations have increased by 10.3% year-over-year.
- Single-family home construction accounts for over 80% of total residential permits in Alabama.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new private housing units authorized by building permits for single-family (1-unit) structures in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: The number of new housing permits is a leading indicator of upcoming residential construction activity and investment, providing insights into the health of Alabama's real estate market.
Q: How is this data collected or calculated?
A: The data is collected and published monthly by the U.S. Census Bureau based on permit issuance records from local building departments.
Q: How is this trend used in economic policy?
A: Trends in new housing permits are closely monitored by real estate analysts, homebuilders, and state/local governments to inform economic and housing policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a 1-month lag, and may be subject to revisions as additional permit records are reported.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Alabama (ALBP1FHSA), retrieved from FRED.