New Private Housing Units Authorized by Building Permits for Colorado
COBPPRIVSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,674.05
Year-over-Year Change
9.10%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits for Colorado' trend measures the number of new private housing units authorized by building permits in the state of Colorado. This data is a key indicator of construction activity and future housing supply.
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 economic indicator tracks the number of new private housing units that have been authorized for construction through the issuance of building permits in Colorado. It provides insight into the strength of the state's residential construction sector and can help forecast future housing availability and prices.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
Policymakers and real estate analysts use this metric to gauge the health of Colorado's housing market and make informed decisions.
Key Facts
- Colorado's building permits for new private housing units reached a high of 4,850 in January 2022.
- The trend has shown steady growth since the COVID-19 pandemic lows in 2020.
- Housing construction is a significant contributor to Colorado's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private housing units that have been authorized for construction through the issuance of building permits in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength of Colorado's residential construction sector and can help forecast future housing availability and prices, which is valuable information for policymakers, real estate professionals, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts use this metric to gauge the health of Colorado's housing market and make informed decisions about housing supply, affordability, and related economic policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of several weeks, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for Colorado (COBPPRIVSA), retrieved from FRED.