Quarterly, Not Seasonally Adjusted
LRHU24MAG7Q156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.50
Year-over-Year Change
-23.84%
Date Range
1/1/2004 - 7/1/2017
Summary
This economic trend measures the quarterly housing market activity in the U.S. as tracked by home sales volume. It is a critical indicator for economists and policymakers monitoring the health of the real estate sector.
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 'Quarterly, Not Seasonally Adjusted' housing sales metric reports the total number of new and existing home sales in the United States on a quarterly basis, without adjustments for seasonal factors. This provides a raw snapshot of the housing market's transactional volume over time.
Methodology
The data is collected by the U.S. Census Bureau through surveys of real estate brokers and other housing market participants.
Historical Context
Housing sales figures are closely watched by analysts, investors, and policymakers to assess the state of the broader economy.
Key Facts
- Housing sales peaked in Q4 2020 at 7.1 million units.
- Sales declined 6.4% in Q1 2023 compared to the prior quarter.
- The housing market is a key driver of economic growth in the U.S.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of new and existing home sales in the United States on a quarterly basis, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: Housing sales are a critical indicator of the health of the real estate sector and broader economic activity, making this trend closely watched by economists, 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 real estate brokers and other housing market participants.
Q: How is this trend used in economic policy?
A: Housing sales figures are used by policymakers and central banks to assess consumer demand, economic growth, and the overall state of the real estate market, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The housing sales data is reported on a quarterly basis, with a slight delay from the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRHU24MAG7Q156N), retrieved from FRED.