Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Hungary
Annual, Seasonally Adjusted
LRHU24MAHUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.73
Year-over-Year Change
-44.92%
Date Range
1/1/1996 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total value of U.S. housing units authorized for construction, providing insight into the health of the residential real estate market.
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 residential housing units that have been approved for construction, based on building permits issued. It serves as an important leading indicator for the housing sector and broader economy.
Methodology
The data is collected by the U.S. Census Bureau through monthly surveys of local building permit offices.
Historical Context
Housing starts and permits are closely monitored by policymakers, analysts, and investors to gauge the strength of the real estate market and broader economic conditions.
Key Facts
- The annual rate of new housing units authorized reached a post-recession high of 1.55 million in 2021.
- Housing permits serve as a leading indicator, signaling future construction activity.
- Residential investment accounts for around 3-5% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend tracks the total number of new residential housing units that have been approved for construction through the issuance of building permits.
Q: Why is this trend relevant for users or analysts?
A: Housing starts and permits are closely watched as they provide insight into the strength of the residential real estate market and broader economic conditions.
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, analysts, and investors monitor housing starts and permits to gauge the health of the real estate sector and make informed decisions about economic policy and investments.
Q: Are there update delays or limitations?
A: The data is released with a slight delay, typically within a month of the reference period. There may also be revisions to historical data as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHU24MAHUA156S), retrieved from FRED.