New Privately Owned Housing Completions by Number of Units in Building, 5 to 9 Units in the Midwest Census Region
COMPOB59UMMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend tracks the number of new privately owned housing units completed with 5 to 9 units in the Midwest census region. It provides insight into regional residential construction activity and housing market conditions.
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 series measures the monthly count of new privately owned housing units that have been completed with between 5 and 9 units per building in the Midwest United States. This metric is used by economists and policymakers to analyze trends in regional residential construction.
Methodology
The data is collected through surveying of residential construction companies and developers in the Midwest.
Historical Context
This housing completions data is used to inform economic and housing policy decisions at the regional and national level.
Key Facts
- The Midwest accounts for over 20% of total U.S. housing completions.
- 5-9 unit buildings make up about 5% of new Midwest housing construction.
- Completions data helps track regional real estate and economic cycles.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of newly completed privately owned housing units with 5 to 9 units per building in the Midwest U.S. census region.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into regional residential construction activity and housing market conditions, which is useful for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction companies and developers in the Midwest region.
Q: How is this trend used in economic policy?
A: This housing completions data helps inform economic and housing policy decisions at the regional and national level.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may be subject to revisions based on updated information from construction companies.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions by Number of Units in Building, 5 to 9 Units in the Midwest Census Region (COMPOB59UMMWQ), retrieved from FRED.