New Privately Owned Housing Completions by Purpose of Construction, Owner-Built One-Family Units in the Northeast Census Region
COMPOB1FNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator tracks the number of new privately owned single-family housing units completed in the Northeastern United States for owner-occupier purposes. It provides insights into regional construction activity and homebuilding 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 data measures the total number of newly constructed single-family homes in the Northeast that were built by the owner for their own use, rather than by a developer or builder. This gives economists a window into owner-driven residential investment and construction in the region.
Methodology
The data is collected through surveys of home builders and developers by the U.S. Census Bureau.
Historical Context
This metric is closely watched by policymakers, analysts, and real estate industry participants to assess regional housing market conditions and household investment trends.
Key Facts
- Owner-built homes account for about 25% of new single-family construction in the Northeast.
- Housing completions peaked in the Northeast in 2005 at over 65,000 units.
- Completions fell sharply during the 2008 financial crisis, reaching a low of 26,000 units in 2011.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new single-family homes completed in the Northeastern U.S. that were built by the owner for their own use, rather than by a developer or builder.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into owner-driven residential investment and construction activity in the Northeast region, which is closely watched by policymakers, economists, and real estate industry participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and analysts to assess regional housing market conditions and household investment trends, which can inform decisions around monetary policy, housing initiatives, and economic development programs.
Q: Are there update delays or limitations?
A: The data is published monthly by the Census Bureau 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 Northeast Census Region (COMPOB1FNEQ), retrieved from FRED.