New Private Housing Units Authorized by Building Permits for the Midwest Census Region
CMWRBPPRIV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,780.00
Year-over-Year Change
14.76%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits for the Midwest Census Region' metric tracks the number of new private residential construction projects approved in the Midwest U.S. This indicator provides insight into housing market activity and future construction trends 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
This series measures the number of new private housing units authorized by building permits in the Midwest Census Region, which includes 12 states. It is a leading indicator of residential construction activity and investment in the region. Economists and policymakers monitor this metric to assess the health of the housing sector and broader economic conditions.
Methodology
The data is collected and published monthly by the U.S. Census Bureau.
Historical Context
Permit authorizations are an important input for understanding future residential investment and economic growth.
Key Facts
- The Midwest region accounts for about 20% of total U.S. housing permits.
- New permit authorizations in the Midwest peaked in 2005 and declined during the housing crisis.
- Housing permits are a leading indicator of future residential investment and construction activity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new private housing units authorized by building permits in the Midwest Census Region. It is a leading indicator of residential construction activity in the region.
Q: Why is this trend relevant for users or analysts?
A: Permit authorizations are an important input for understanding future residential investment and economic growth in the Midwest. Economists and policymakers monitor this metric to assess the health of the housing sector.
Q: How is this data collected or calculated?
A: The data is collected and published monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator provides insight into housing market activity and future construction trends in the Midwest region, which is relevant for economic policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on housing permit activity in the Midwest.
Related Trends
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Expenditures: Other Vehicle Expenses by Region: Residence in the Midwest Census Region
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Income Before Taxes: Interest, Dividends, Rent Income, Property Income by Region: Residence in the Midwest Census Region
CXUINDIVRNTLB1103M
Expenditures: Other Meats by Region: Residence in the Midwest Census Region
CXUOTHRMEATLB1103M
Other Financial Information: Other Money Receipts by Region: Residence in the Midwest Census Region
CXUOTHRMONYLB1103M
Personal Taxes: Federal Income Taxes by Region: Residence in the Midwest Census Region
CXUFEDTAXESLB1103M
Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for the Midwest Census Region (CMWRBPPRIV), retrieved from FRED.