New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the Northeast Census Region
CNERBP1FHSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,624.74
Year-over-Year Change
-10.25%
Date Range
1/1/1988 - 6/1/2025
Summary
This economic trend measures the number of new private housing units authorized by building permits for 1-unit structures in the Northeast Census Region of the United States. It serves as an important leading indicator for the regional housing market and construction industry.
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: 1-Unit Structures for the Northeast Census Region is a monthly economic indicator that tracks the number of new private residential construction projects approved through building permits in the Northeastern states. This data is used by economists and policymakers to gauge the health and outlook of the regional housing market.
Methodology
The data is collected through surveys of local building permit offices and then aggregated by the U.S. Census Bureau.
Historical Context
This economic indicator provides insight into future construction activity and consumer demand for new homes in the Northeast, which can inform decisions by builders, lenders, and policymakers.
Key Facts
- Permits for 1-unit homes make up the majority of new residential construction.
- The Northeast is one of four major Census regions in the United States.
- Building permits are a leading indicator of future housing starts and completions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new private housing units authorized through building permits for 1-unit structures in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: It provides an early signal of future residential construction activity and consumer demand for new homes in the Northeast region, which is valuable information for builders, lenders, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local building permit offices and then aggregated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the strength of the regional housing market and construction industry, which can inform decisions about monetary policy, fiscal stimulus, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months. There may be revisions to previous months' figures as more complete information becomes available.
Related Trends
New One Family Houses Sold in Northeast Census Region
HSN1FNE
New Privately Owned Housing Completions by Purpose of Construction, Contractor-Built One-Family Units in the Northeast Census Region
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New Privately Owned Housing Starts Average Square Feet of Floor Area for Two or More Units in the Northeast Census Region
HOUSTSFLAA2UMNEQ
Income Before Taxes: Unemployment and Workers' Compensation, Veterans Benefits by Region: Residence in the Northeast Census Region
CXUOTHBNFTSLB1102M
Consumer Unit Characteristics: Percent Homeowner without Mortgage by Region: Residence in the Northeast Census Region
CXU980240LB1102M
Expenditures: Other Dairy Products by Region: Residence in the Northeast Census Region
CXUOTHDAIRYLB1102M
Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the Northeast Census Region (CNERBP1FHSA), retrieved from FRED.