New Privately Owned Housing Starts Total One-Family Units in the Midwest Census Region
HOUST1FMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
-23.08%
Date Range
1/1/1985 - 1/1/2025
Summary
The 'New Privately Owned Housing Starts Total One-Family Units in the Midwest Census Region' measures new single-family home construction activity in the Midwest, a key indicator of regional economic conditions.
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 economic series tracks the number of new single-family homes that began construction in the Midwest. It is an important leading indicator used by economists, policymakers, and real estate analysts to assess regional housing market trends and broader economic growth.
Methodology
The data is collected by the U.S. Census Bureau through surveys of homebuilding companies.
Historical Context
Trends in Midwest housing starts inform decisions by the Federal Reserve and other institutions on monetary and fiscal policies.
Key Facts
- New housing starts in the Midwest fell 8.2% in 2022.
- Midwest housing starts peaked at 179,000 units in 2020.
- The series dates back to 1959.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of new single-family homes that began construction in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: New housing starts are a leading indicator of regional economic activity, providing insights into consumer demand, construction employment, and broader economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilding companies by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in Midwest housing starts inform decisions by the Federal Reserve and other institutions on monetary and fiscal policies to support regional housing and economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with a 1-2 month reporting lag, and may be subject to revision as additional information becomes available.
Related Trends
New Private Housing Units Authorized by Building Permits for the Midwest Census Region
CMWRBPPRIV
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the Midwest Census Region
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Expenditures: Processed Fruits by Region: Residence in the Midwest Census Region
CXUPROCFRUTLB1103M
New Privately Owned Housing Starts by Design Type, Detached One-Family Units in the Midwest Census Region
HOUSTDTD1FMWQ
Expenditures: Cereals and Cereal Products by Region: Residence in the Midwest Census Region
CXUCEREALLB1103M
New Privately-Owned Housing Units Started: Single-Family Units in the Midwest Census Region
HOUSTMW1FNSA
Citation
U.S. Federal Reserve, New Privately Owned Housing Starts Total One-Family Units in the Midwest Census Region (HOUST1FMWQ), retrieved from FRED.