New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Northeast Census Region
COMPPFS1FNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
0.00%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator tracks the number of new single-family homes completed for sale in the Northeast region of the United States. It provides insights into housing market trends and construction activity.
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 number of new single-family houses constructed for sale in the Northeast that have been finished and are ready for occupancy. This data point is a key indicator of residential construction and can signal changes in housing supply and demand.
Methodology
The data is collected through surveys of home builders and construction firms by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the health of the Northeast housing market and broader economic conditions.
Key Facts
- The Northeast region includes CT, ME, MA, NH, NJ, NY, PA, RI, and VT.
- Housing completions data is released monthly by the U.S. Census Bureau.
- Completed homes are ready for occupancy, unlike housing starts which track new construction.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new single-family homes that have been completed and are ready for occupancy in the Northeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of the Northeast housing market and broader economic conditions, as it signals changes in residential construction activity and housing supply.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and construction firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of the Northeast housing market and its impact on the regional and national economy.
Q: Are there update delays or limitations?
A: The housing completions data is released monthly by the U.S. Census Bureau, with some potential for slight delays in reporting.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Northeast Census Region (COMPPFS1FNEQ), retrieved from FRED.