New Privately Owned Housing Starts Total Two or More Units in the Northeast Census Region
HOUST2UMNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
-38.10%
Date Range
1/1/1985 - 1/1/2025
Summary
This economic indicator tracks the number of new privately owned housing units started with two or more units in the Northeast census region of the United States. It serves as an important barometer for regional housing market activity and construction industry trends.
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 Starts Total Two or More Units in the Northeast Census Region metric provides insight into residential construction and investment in the Northeast. It is a leading indicator used by economists, policymakers, and real estate analysts to assess housing supply, demand, 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 starts data informs federal Reserve policy decisions and is closely monitored by investors and developers.
Key Facts
- Housing starts data is a leading economic indicator.
- The Northeast region accounts for approximately 20% of U.S. housing starts.
- Multi-unit housing construction has risen steadily since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new privately owned housing units with two or more units that started construction in the Northeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Housing starts data is a key indicator of residential investment and construction industry activity, providing insights into regional economic conditions and the health of the housing market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of residential construction activity.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor housing starts data to inform monetary and fiscal policy decisions that can impact the broader economy.
Q: Are there update delays or limitations?
A: The housing starts data is published monthly with a typical delay of around one month from the end of the reference period.
Related Trends
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CXUOTHRFUELLB1102M
Net Change in Total Assets by Region: Residence in the Northeast Census Region
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New Privately-Owned Housing Units Completed: Total Units in the Northeast Census Region
COMPUNETSA
Projected Business Formations Within Eight Quarters: Total for All NAICS in Northeast Census Region
BFPBF8QTOTALSANO
New Privately Owned Housing Completions by Purpose of Construction, Contractor-Built One-Family Units in the Northeast Census Region
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High-Propensity Business Applications for Northeast Census Region
HBUSAPPWNSANER
Citation
U.S. Federal Reserve, New Privately Owned Housing Starts Total Two or More Units in the Northeast Census Region (HOUST2UMNEQ), retrieved from FRED.