New Private Housing Units Authorized by Building Permits for Louisiana
LABPPRIV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,202.00
Year-over-Year Change
-3.99%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits for Louisiana' trend measures the number of new private residential building permits issued in the state of Louisiana. This data provides insight into housing market activity and construction industry growth.
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 number of new privately-owned housing units authorized by building permits in Louisiana. It is considered a leading indicator of future residential construction and investment in the state, as permits must be obtained before construction can begin.
Methodology
The data is collected monthly by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
Policymakers and analysts use this metric to gauge the health of Louisiana's housing and construction sectors.
Key Facts
- Louisiana issued over 14,000 new private housing permits in 2021.
- Building permits are a leading indicator of future construction activity.
- The number of permits declined during the 2008 recession but has since recovered.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of new privately-owned housing units authorized by building permits in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into housing market activity and future construction in Louisiana, making it a useful indicator for policymakers, investors, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected monthly by the U.S. Census Bureau through surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of Louisiana's housing and construction sectors, which are important drivers of the state's economy.
Q: Are there update delays or limitations?
A: The data is released with a short delay, typically 1-2 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for Louisiana (LABPPRIV), retrieved from FRED.