New Privately Owned Housing Completions by Design Type, Detached One-Family Units in the Northeast Census Region
COMPDTD1FNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
11.11%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the number of new single-family detached homes completed in the Northeastern United States. It is an important indicator of residential construction activity and consumer demand in the region.
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, Detached One-Family Units in the Northeast Census Region statistic tracks the total number of newly constructed standalone homes with one dwelling unit in the Northeast. This metric provides insight into the state of the regional housing market and consumer confidence.
Methodology
The data is collected through surveys of homebuilders and developers by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by economists, policymakers, and real estate analysts to assess the health of the residential construction industry and broader economic conditions.
Key Facts
- Detached one-family homes account for over 60% of new residential construction in the Northeast.
- Housing completions in the Northeast region typically peak in the summer months.
- Detached housing starts lead completions by around 6 months on average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of newly constructed, standalone single-family homes completed in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength of the regional housing market and consumer demand for new residential construction.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the health of the residential construction industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a lag of around 1-2 months.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions by Design Type, Detached One-Family Units in the Northeast Census Region (COMPDTD1FNEQ), retrieved from FRED.