New Privately Owned Housing Completions by Number of Units in Building, 20 or more Units in the Northeast Census Region
COMPDTA20UMNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
133.33%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'New Privately Owned Housing Completions by Number of Units in Building, 20 or more Units in the Northeast Census Region' data series tracks the number of new multi-unit residential buildings with 20 or more units completed in the Northeastern United States. This metric is a key indicator of 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
This data series provides insights into the real estate and construction sectors, signaling trends in housing development. It is analyzed by economists, policymakers, and market participants to better understand the overall state of the housing market in the Northeast region.
Methodology
The data is collected through surveys by the U.S. Census Bureau.
Historical Context
This metric helps inform decisions around urban planning, zoning, and development policies.
Key Facts
- Measures new multi-unit housing completions in the Northeast U.S.
- Indicates construction activity and housing supply trends.
- Data collected through U.S. Census Bureau surveys.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of new privately owned multi-unit residential buildings with 20 or more units that are completed in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into real estate and construction activity, signaling trends in housing development that are important for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator helps inform decisions around urban planning, zoning, and development policies in the Northeast region.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the Census Bureau's survey collection process.
Related Trends
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New Privately-Owned Housing Units Completed: Single-Family Units in the Northeast Census Region
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Expenditures: Pork by Region: Residence in the Northeast Census Region
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions by Number of Units in Building, 20 or more Units in the Northeast Census Region (COMPDTA20UMNEQ), retrieved from FRED.