New Private Housing Units Authorized by Building Permits for Hawaii
HIBPPRIV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
263.00
Year-over-Year Change
-18.83%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits for Hawaii' trend measures the number of new privately-owned housing units that received permits for construction in Hawaii. This metric is a leading indicator of housing market activity and future construction.
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
This series tracks the number of new private housing units in Hawaii that receive building permits, which are required before construction can begin. It provides an early signal of future residential construction activity and investment in the state's housing market.
Methodology
The data is collected through a monthly survey of local building permit offices by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this indicator to assess the health of Hawaii's housing sector and overall economic conditions.
Key Facts
- Hawaii building permits are a leading indicator of future construction activity.
- Permit data provides early visibility into investment in the state's housing market.
- The trend is used by policymakers to monitor the health of the housing sector.
FAQs
Q: What does this economic trend measure?
A: The 'New Private Housing Units Authorized by Building Permits for Hawaii' trend measures the number of new privately-owned housing units in Hawaii that received permits for construction.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides an early signal of future residential construction activity and investment in Hawaii's housing market, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of local building permit offices by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the health of Hawaii's housing sector and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely information on the state's housing market.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for Hawaii (HIBPPRIV), retrieved from FRED.