New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Total One-Family Units in the Midwest Census Region
HOUSTPFST1FMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
-15.79%
Date Range
1/1/1985 - 1/1/2025
Summary
This economic trend measures the number of new privately owned one-family housing units started in the Midwest census region for the purpose of sale. It is a key indicator of construction activity and market demand.
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' metric tracks the initial construction of new housing units intended for sale. The Midwest regional data provides insight into residential development trends across a key U.S. market.
Methodology
The data is collected through surveys of residential construction firms.
Historical Context
This metric is closely monitored by policymakers, homebuilders, and real estate analysts to assess the health of the housing market.
Key Facts
- The Midwest accounts for over 20% of nationwide new housing starts.
- Housing starts can signal future home sales and mortgage demand.
- Midwest new home construction rebounded sharply from pandemic lows.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new privately owned one-family housing units started in the Midwest census region for the purpose of sale.
Q: Why is this trend relevant for users or analysts?
A: The 'New Privately Owned Housing Starts' metric is a leading indicator of residential construction activity and market demand, making it closely monitored by policymakers, homebuilders, and real estate analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction firms.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the health of the housing market and make informed decisions about policies affecting construction, mortgages, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, making it a timely indicator of current housing market conditions.
Related Trends
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New Privately-Owned Housing Units Authorized but Not Started: Total Units in the Midwest Census Region
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New Privately-Owned Housing Units Authorized but Not Started: Single-Family Units in the Midwest Census Region
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Expenditures: Property Taxes by Region: Residence in the Midwest Census Region
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Projected Business Formations Within Four Quarters: Total for All NAICS in Midwest Census Region
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Citation
U.S. Federal Reserve, New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Total One-Family Units in the Midwest Census Region (HOUSTPFST1FMWQ), retrieved from FRED.