New Privately-Owned Housing Units Completed: Single-Family Units in the Northeast Census Region
COMPUNE1USA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.00
Year-over-Year Change
14.52%
Date Range
1/1/1985 - 6/1/2025
Summary
This economic trend measures the number of new single-family housing units completed in the Northeast Census Region of the United States. It is a key indicator of residential construction activity and consumer demand in the Northeast.
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 Units Completed: Single-Family Units in the Northeast Census Region metric tracks the total number of newly constructed single-family homes that have been finished in the Northeast region. This data point is used by economists and policymakers to assess the health of the regional housing market and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of residential construction activity.
Historical Context
This housing completion metric is relevant for understanding consumer confidence, mortgage rates, and labor market trends in the Northeast.
Key Facts
- The Northeast region accounts for about 17% of total U.S. housing completions.
- Single-family homes make up around 60% of new residential construction in the Northeast.
- Housing completions reached a recent high of over 72,000 units in the Northeast in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of newly constructed single-family homes that have been completed in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This housing completion data is an important indicator of residential construction activity, consumer demand, and broader economic conditions in the Northeast region.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of residential construction activity.
Q: How is this trend used in economic policy?
A: This housing completions metric is relevant for understanding consumer confidence, mortgage rates, and labor market trends, which inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau with a typical 1-2 month delay.
Related Trends
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Expenditures: Other Household Expenses by Region: Residence in the Northeast Census Region
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New Privately Owned Housing Starts by Design Type, Detached One-Family Units in the Northeast Census Region
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New One Family Houses for Sale for the Northeast Census Region
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Expenditures: Personal Insurance and Pensions by Region: Residence in the Northeast Census Region
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Citation
U.S. Federal Reserve, New Privately-Owned Housing Units Completed: Single-Family Units in the Northeast Census Region (COMPUNE1USA), retrieved from FRED.