Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Hungary
Quarterly
HUNPERMITQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.25
Year-over-Year Change
-29.02%
Date Range
1/1/1998 - 1/1/2024
Summary
The Quarterly Permit-Issuing Activity in the United States measures the number of new housing permits issued each quarter, providing insight into the construction and real estate sectors.
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 economic indicator tracks the issuance of new residential building permits, which are a leading predictor of future housing construction activity. It is used by economists and policymakers to analyze trends in the housing market and broader economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local permit-issuing offices.
Historical Context
Permit issuance data is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Quarterly permits are a leading indicator of future housing construction.
- Permit issuance data is used to assess the health of the housing market.
- The U.S. Census Bureau collects the permit data from local authorities.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Permit-Issuing Activity measures the number of new residential building permits issued each quarter in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into future housing construction activity, which is an important driver of economic growth and a key factor considered by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local permit-issuing offices.
Q: How is this trend used in economic policy?
A: Permit issuance data is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that impact the housing and construction sectors.
Q: Are there update delays or limitations?
A: The permit data is published on a quarterly basis, with some lag from the end of the reporting period.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Hungary
HUNCP060000GYM
National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Hungary
HUNGDPNADSMEI
Harmonized Index of Consumer Prices: Books for Hungary
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Infra-Annual Labor Statistics: Unemployment Male: From 15 to 74 Years for Hungary
LFUN74MAHUA647N
Leading Indicators OECD: Component series: Monetary Aggregates: Original series for Hungary
HUNLOCOMAORSTSAM
International Merchandise Trade Statistics: Trade Balance: Commodities for Hungary
XTNTVA01HUM667S
Citation
U.S. Federal Reserve, Quarterly Permit-Issuing Activity in the United States (HUNPERMITQISMEI), retrieved from FRED.