New Privately Owned Housing Starts by Design Type, Attached One-Family Units in the Northeast Census Region
HOUSTDTA1FNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/1985 - 1/1/2025
Summary
This economic trend measures the number of new privately owned, attached one-family housing units started in the Northeastern United States. It is a key indicator of residential construction activity and homebuilder confidence.
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 by Design Type metric tracks the initial construction of new attached single-family homes, such as townhouses or duplexes, in the Northeast Census Region. This data is used by economists and policymakers to assess the health of the regional housing market and predict future residential investment.
Methodology
The data is collected through monthly surveys of homebuilders and developers.
Historical Context
This metric informs housing and economic policy decisions at the federal, state, and local levels.
Key Facts
- Attached one-family housing units account for about 15% of all new home construction in the Northeast.
- Housing starts in the Northeast experienced a sharp decline during the 2008 financial crisis but have since rebounded.
- Multifamily construction has outpaced single-family home building in the Northeast in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new privately owned, attached one-family housing units started in the Northeastern United States, such as townhouses or duplexes.
Q: Why is this trend relevant for users or analysts?
A: This data is used by economists and policymakers to assess the health of the regional housing market and predict future residential investment activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of homebuilders and developers.
Q: How is this trend used in economic policy?
A: This metric informs housing and economic policy decisions at the federal, state, and local levels.
Q: Are there update delays or limitations?
A: The data is released monthly with a brief delay, and it only covers the Northeast Census Region.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Starts by Design Type, Attached One-Family Units in the Northeast Census Region (HOUSTDTA1FNEQ), retrieved from FRED.