New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Northeast Census Region
HOUSTPFS1FNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
60.00%
Date Range
1/1/1985 - 1/1/2025
Summary
This economic trend measures the number of new privately owned single-family housing units started in the Northeast U.S. that are built for sale. It is a key indicator of residential construction activity and housing market health.
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 tracks the volume of new single-family homes started in the Northeast region that are built for sale rather than rental or other purposes. This provides insight into homebuilder confidence and housing demand in the Northeast.
Methodology
The data is collected through surveys of homebuilders and construction firms by the U.S. Census Bureau.
Historical Context
This metric is closely watched by economists, policymakers, and real estate analysts to gauge the strength of the Northeast housing market.
Key Facts
- New home construction in the Northeast fell 12% in 2022.
- Starts of single-family homes for sale are a leading indicator of future home sales.
- The Northeast region accounts for about 20% of national housing starts.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new privately owned single-family housing units started in the Northeast U.S. that are built specifically for sale rather than rental or other purposes.
Q: Why is this trend relevant for users or analysts?
A: New home construction is a key indicator of residential real estate activity and housing market health in the Northeast region. This data helps economists and policymakers gauge homebuilder confidence and housing demand.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of homebuilders and construction firms.
Q: How is this trend used in economic policy?
A: This Northeast housing starts metric is closely watched by government economists and policymakers to assess the strength of the regional housing market and make informed decisions about economic and housing policies.
Q: Are there update delays or limitations?
A: The data has a lag of about one month between the reference period and publication.
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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 Northeast Census Region (HOUSTPFS1FNEQ), retrieved from FRED.