New One Family Houses Sold in Midwest Census Region
Thousands of Units, Annual, Not Seasonally Adjusted
HSN1FMWA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.00
Year-over-Year Change
70.21%
Date Range
1/1/1963 - 1/1/2024
Summary
This economic trend measures the total annual output of new single-family houses in the United States. It is a key indicator of housing market activity and a barometer for the broader economy.
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 'Thousands of Units, Annual, Not Seasonally Adjusted' trend represents the total annual production of new single-family homes in the U.S. It is widely used by economists, policymakers, and real estate analysts to gauge the health and direction of the housing sector.
Methodology
The data is collected by the U.S. Census Bureau through surveys of homebuilders.
Historical Context
This metric informs housing and construction policies, as well as lending and investment decisions in residential real estate markets.
Key Facts
- Annual new single-family home production in the U.S. averaged 1.2 million units from 1959 to 2022.
- Housing starts fell to a low of 554,000 units in 2009 during the Great Recession.
- The highest annual output was 1.72 million new single-family homes in 2005.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual production of new single-family homes constructed in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of housing market activity and broader economic conditions, providing insight into residential construction, real estate, and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of homebuilders.
Q: How is this trend used in economic policy?
A: This housing starts metric informs housing and construction policies, as well as lending and investment decisions in residential real estate markets.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical delay of around one month.
Related Trends
Business Applications: Total for All NAICS in Midwest Census Region
BABATOTALSAMW
Expenditures: Fuel Oil and Other Fuels by Region: Residence in the Midwest Census Region
CXUOTHRFUELLB1103M
Net Change in Total Assets and Liabilities by Region: Residence in the Midwest Census Region
CXUCHGASLILB1103M
New Privately Owned Housing Starts Median Square Feet of Floor Area for One-Family Units in the Midwest Census Region
HOUSTSFLAM1FMWQ
Expenditures: Electricity by Region: Residence in the Midwest Census Region
CXUELECTRICLB1103M
New Privately Owned Housing Starts Average Square Feet of Floor Area for Two or More Units in the Midwest Census Region
HOUSTSFLAA2UMMWQ
Citation
U.S. Federal Reserve, Thousands of Units, Annual, Not Seasonally Adjusted (HSN1FMWA), retrieved from FRED.