New Privately Owned Housing Starts by Purpose of Construction, Owner-Built One-Family Units in the Midwest Census Region
HOUSTOB1FMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the number of new, privately owned, one-family housing units started for owner-built construction in the Midwest Census region. It is an important indicator of residential investment and economic activity in the region.
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 Purpose of Construction data tracks the construction of new single-family homes that are intended for owner-occupancy rather than rental or speculative purposes. This regional view provides insights into local housing market dynamics and consumer confidence.
Methodology
The data is collected through a monthly survey of a sample of permit-issuing offices by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the health of the residential construction industry and make informed decisions.
Key Facts
- Owner-built homes account for around 25% of new single-family housing construction.
- The Midwest region represents approximately 20% of national housing starts.
- Housing starts are a leading indicator of broader economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new, privately owned, one-family housing units started for owner-built construction in the Midwest Census region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional housing market dynamics and consumer confidence, which are important indicators for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of a sample of permit-issuing offices by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the residential construction industry and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to regular monthly updates by the Census Bureau.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Starts by Purpose of Construction, Owner-Built One-Family Units in the Midwest Census Region (HOUSTOB1FMWQ), retrieved from FRED.