New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Hawaii
HIBP1FHSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179.70
Year-over-Year Change
-20.71%
Date Range
1/1/1988 - 6/1/2025
Summary
This economic trend tracks the number of new private housing units authorized by building permits for 1-unit structures in Hawaii. It is a key indicator of residential construction activity and investment.
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 private housing units authorized by building permits metric represents the number of permits issued for the construction of new single-family homes in Hawaii. This data provides insights into future residential construction and housing market trends.
Methodology
The data is collected through a survey of local building permit offices.
Historical Context
Economists and policymakers monitor this indicator to assess the state of the housing market and make informed decisions.
Key Facts
- Hawaii issued permits for 1,099 new private housing units in June 2022.
- Residential construction is a key driver of economic growth in Hawaii.
- Building permit data is a leading indicator of future housing supply.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private housing units authorized by building permits for 1-unit structures in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into future residential construction activity and investment in Hawaii, which is important for understanding the state's housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of local building permit offices in Hawaii.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the state of the housing market and make informed decisions about economic and housing policies.
Q: Are there update delays or limitations?
A: The data is subject to typical reporting delays, but it provides a timely snapshot of building permit activity in Hawaii.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Hawaii (HIBP1FHSA), retrieved from FRED.