New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Total One-Family Units in the Northeast Census Region
COMPPFST1FNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-22.22%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend tracks the number of new privately owned single-family housing units completed for sale in the Northeast U.S. census region. It provides important insights into regional residential construction activity and consumer demand.
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 Purpose of Construction data series measures the total number of one-family housing units built for sale that were completed in the Northeast United States. This metric is a key indicator of regional residential construction, housing supply, and consumer spending patterns.
Methodology
The data is collected through surveys of residential construction firms by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this data to assess the health of the Northeast housing market and broader economic conditions.
Key Facts
- The Northeast region accounts for around 15% of total U.S. housing completions.
- Housing completions in the Northeast reached a 15-year high in 2021.
- Single-family homes make up over 80% of new housing completions in the Northeast.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of new privately owned single-family housing units that were completed for sale in the Northeast U.S. census region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into regional residential construction activity, housing supply, and consumer demand in the Northeast.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of the Northeast housing market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with a 2-month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Total One-Family Units in the Northeast Census Region (COMPPFST1FNEQ), retrieved from FRED.