New Privately-Owned Housing Units Authorized but Not Started: Units in Buildings with 5 Units or More
AUTHNOT5MUSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.00
Year-over-Year Change
-1.50%
Date Range
1/1/1999 - 6/1/2025
Summary
This economic trend measures the number of new privately-owned housing units that have been authorized for construction but have not yet started. It provides insights into the pipeline of upcoming multi-unit residential development.
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 Privately-Owned Housing Units Authorized but Not Started: Units in Buildings with 5 Units or More' metric tracks the number of multi-family housing units that have received construction permits but are not yet under construction. This leading indicator offers visibility into future housing supply and can signal changes in developer confidence.
Methodology
The data is collected through surveys of local building permit-issuing offices.
Historical Context
This metric is closely monitored by policymakers, urban planners, and real estate analysts to assess housing market conditions and project future construction activity.
Key Facts
- Data is reported monthly by the U.S. Census Bureau.
- Authorized but not started units indicate potential future housing supply.
- Trends in this metric can signal changes in developer confidence.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new privately-owned housing units that have been authorized for construction but have not yet started being built. It provides insights into the pipeline of upcoming multi-unit residential development.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator offers visibility into future housing supply and can signal changes in developer confidence, making it closely monitored by policymakers, urban planners, and real estate analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local building permit-issuing offices by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, urban planners, and real estate analysts to assess housing market conditions and project future construction activity.
Q: Are there update delays or limitations?
A: The data is reported monthly by the U.S. Census Bureau with typical release delays of around one month.
Related Trends
Citation
U.S. Federal Reserve, New Privately-Owned Housing Units Authorized but Not Started: Units in Buildings with 5 Units or More (AUTHNOT5MUSA), retrieved from FRED.