New Privately Owned Housing Completions by Design Type, Attached One-Family Units in the Midwest Census Region
COMPDTA1FMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
0.00%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the number of new attached one-family housing units completed in the Midwest Census region. It provides insight into regional residential construction activity and 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
The New Privately Owned Housing Completions by Design Type, Attached One-Family Units in the Midwest Census Region tracks the completion of newly built attached single-family homes in the Midwest. This metric is used by economists and policymakers to analyze trends in regional housing construction and availability.
Methodology
The data is collected through surveys of residential construction contractors and reported by the U.S. Census Bureau.
Historical Context
This housing completion data informs analyses of local and regional housing markets, construction industry activity, and broader economic conditions.
Key Facts
- The Midwest region comprises 12 states, including Illinois, Indiana, and Michigan.
- Attached one-family units account for a significant portion of new housing construction.
- Trends in housing completions reflect underlying demand and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of newly completed attached one-family housing units in the Midwest Census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into regional residential construction activity and housing supply, which informs analyses of local and national housing markets, economic conditions, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction contractors and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in housing completions are closely monitored by economists, policymakers, and market analysts to assess regional and national economic conditions, housing supply, and the potential impact on consumer spending and other industries.
Q: Are there update delays or limitations?
A: The data is reported monthly with a short lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions by Design Type, Attached One-Family Units in the Midwest Census Region (COMPDTA1FMWQ), retrieved from FRED.