Seasonally Adjusted
HPBUSAPPSAPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,669.00
Year-over-Year Change
29.21%
Date Range
7/1/2004 - 10/1/2020
Summary
The Seasonally Adjusted Housing Permits: 1-Unit Structures (HPBUSAPPSAPA) is a key indicator of residential construction activity and economic conditions.
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
This series measures the number of new residential construction permits issued each month for single-family homes, a leading indicator of future housing starts and home sales. It is used by policymakers and analysts to gauge the health of the housing market and broader economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
Trends in housing permits are closely watched by the Federal Reserve and other institutions in setting economic and monetary policy.
Key Facts
- Housing permits averaged 1.78 million units in 2022.
- Permits declined 1.6% in December 2022 compared to the prior month.
- Single-family permits account for about 70% of total residential permits.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Housing Permits: 1-Unit Structures (HPBUSAPPSAPA) measures the monthly number of new residential construction permits issued for single-family homes.
Q: Why is this trend relevant for users or analysts?
A: Housing permits are a leading indicator of future residential construction activity and home sales, making this metric closely watched by policymakers, economists, and real estate market participants.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: Trends in housing permits are closely monitored by the Federal Reserve and other institutions in setting economic and monetary policy, as they provide insights into the health of the housing market and broader economy.
Q: Are there update delays or limitations?
A: The housing permits data is released monthly by the Census Bureau, with a typical delay of around one month. The data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Housing Permits: 1-Unit Structures (HPBUSAPPSAPA), retrieved from FRED.