Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Australia
Annual, Seasonally Adjusted
LRHU24TTAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.41
Year-over-Year Change
-19.64%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total value of housing units authorized by building permits on an annual basis, adjusted for seasonal variations. This metric is a key indicator of future housing construction activity and economic 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
The Annual, Seasonally Adjusted building permits data tracks the number of new residential housing units that have been approved for construction. This forward-looking indicator helps economists and policymakers assess the health of the housing market and broader economy.
Methodology
The data is collected by the U.S. Census Bureau through monthly surveys of local permit-issuing offices.
Historical Context
Building permit trends are closely watched by real estate investors, homebuilders, and government agencies to inform policy decisions.
Key Facts
- Permits are a leading indicator of future housing construction.
- Seasonally adjusted data accounts for typical seasonal variations.
- Building permits correlate strongly with broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted building permits metric tracks the total number of new residential housing units that have been approved for construction on an annual basis, with adjustments made for typical seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: This forward-looking indicator provides insight into the health of the housing market and broader economy, helping economists, policymakers, and real estate professionals assess future construction activity and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected monthly by the U.S. Census Bureau through surveys of local permit-issuing offices.
Q: How is this trend used in economic policy?
A: Building permit trends are closely monitored by government agencies, central banks, and other institutions to inform policy decisions related to housing, construction, and economic stimulus.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically a few weeks after the end of each month. There may be occasional revisions to previously reported figures.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHU24TTAUA156S), retrieved from FRED.