New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Colorado
COBP1FH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,544.00
Year-over-Year Change
-12.42%
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 Colorado. It serves as a leading indicator of residential construction activity and housing market conditions.
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 Colorado metric provides insight into the state's residential construction pipeline. It is a forward-looking indicator that economists and policymakers use to assess housing market trends and forecast future housing supply.
Methodology
The data is collected by the U.S. Census Bureau through monthly surveys of local building permit offices.
Historical Context
This metric is closely monitored by housing market analysts, real estate investors, and government agencies to gauge the health of Colorado's residential construction sector.
Key Facts
- Colorado building permits reached a 10-year high in 2021.
- Single-family home permits account for over 70% of total residential permits in the state.
- Permit issuance has a strong seasonal pattern, peaking in the spring and summer.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new private housing units authorized by building permits for 1-unit structures in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: It serves as a leading indicator of residential construction activity and housing market conditions in Colorado, providing insights that are valuable for economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through monthly surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by housing market analysts, real estate investors, and government agencies to gauge the health of Colorado's residential construction sector and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Colorado (COBP1FH), retrieved from FRED.