Seasonally Adjusted
HPBUSAPPSAAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,743.00
Year-over-Year Change
18.80%
Date Range
7/1/2004 - 10/1/2020
Summary
The Seasonally Adjusted Housing Permits for Building Units Authorized in Permit-Issuing Places (HPBUSAPPSAAR) is a key indicator of residential construction activity and future housing supply.
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 HPBUSAPPSAAR tracks the number of new residential construction permits issued each month, adjusted for typical seasonal variations. This data point provides valuable insights into the health of the housing market and the overall economy.
Methodology
The data is collected through surveys of local permit-issuing authorities and adjusted by the U.S. Census Bureau to account for seasonal factors.
Historical Context
Policymakers and analysts closely monitor housing permits as a leading economic indicator and predictor of future home construction and sales.
Key Facts
- Housing permits are a key leading indicator of future construction activity.
- Seasonally adjusted data removes typical monthly and annual variations.
- Permit numbers are closely watched by policymakers and market analysts.
FAQs
Q: What does this economic trend measure?
A: The HPBUSAPPSAAR measures the number of new residential construction permits issued each month, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Housing permits are a leading indicator of future construction activity and housing supply, providing valuable insights into the state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local permit-issuing authorities and adjusted by the U.S. Census Bureau to account for seasonal factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor housing permits as an indicator of future economic growth and to inform housing and construction policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Housing Permits for Building Units Authorized in Permit-Issuing Places (HPBUSAPPSAAR), retrieved from FRED.