New Privately Owned Housing Completions by Purpose of Construction, Owner-Built One-Family Units in the Midwest Census Region
COMPOB1FMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-66.67%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator tracks the number of new single-family homes completed by owner-builders in the Midwest region of the United States. It provides insight into residential construction activity and investment trends.
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 metric measures the volume of owner-built single-family home construction in the Midwest. This data is used by economists and policymakers to analyze regional housing market conditions and gauge consumer confidence in the residential sector.
Methodology
The data is collected through surveys of home builders by the U.S. Census Bureau.
Historical Context
Trends in owner-built housing completions offer signals about consumer sentiment and the strength of the Midwest housing market.
Key Facts
- Owner-builders account for about 15% of new single-family home construction.
- The Midwest region represents around 20% of total U.S. housing completions.
- Midwest owner-built home construction peaked in 2006 at over 60,000 units.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new single-family homes completed by owner-builders in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in owner-built housing completions offer insights into consumer sentiment and the strength of the Midwest housing market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze regional housing market conditions and gauge consumer confidence in the residential sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions by Purpose of Construction, Owner-Built One-Family Units in the Midwest Census Region (COMPOB1FMWQ), retrieved from FRED.