New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Midwest Census Region
HOUSTPFS1FMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-16.67%
Date Range
1/1/1985 - 1/1/2025
Summary
This economic trend tracks the number of new privately-owned single-family homes built for sale in the Midwest U.S. region. It provides insights into 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 by Purpose of Construction metric represents the monthly count of new single-family homes in the Midwest that are built for sale in fee simple ownership. This data is a key indicator of residential construction and housing demand.
Methodology
The U.S. Census Bureau collects this data through a monthly survey of home builders and developers.
Historical Context
Policymakers and economists analyze this housing starts data to assess the health of the residential real estate market and make informed economic decisions.
Key Facts
- Midwest housing starts averaged 180,000 units per month in 2022.
- Midwest housing starts peaked at 233,000 units in March 2022.
- Housing starts fell 14% nationwide in November 2022 due to rising mortgage rates.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monthly count of new privately-owned single-family homes built for sale in the Midwest U.S. region.
Q: Why is this trend relevant for users or analysts?
A: This housing starts data provides key insights into residential construction activity and housing demand, which are important indicators of economic health.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through a monthly survey of home builders and developers.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze Midwest housing starts to assess the state of the residential real estate market and make informed decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 2-week delay from the end of the reference period.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Midwest Census Region (HOUSTPFS1FMWQ), retrieved from FRED.