Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Luxembourg
Annual, Seasonally Adjusted
LRHU24TTLUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.68
Year-over-Year Change
19.85%
Date Range
1/1/1983 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the total housing units authorized by building permits in the United States on an annual basis, providing key insights into construction activity and economic conditions.
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 series tracks the number of new residential housing units that have been authorized for construction through the issuance of building permits. It is a leading indicator of housing market trends and is closely monitored by economists and policymakers to assess the health of the broader economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of permit-issuing jurisdictions.
Historical Context
Housing construction activity is a critical component of economic growth, with downstream impacts on employment, consumer spending, and other key economic indicators.
Key Facts
- Permits for new housing units are a leading indicator of future construction activity.
- The series is seasonally adjusted to account for typical fluctuations in construction throughout the year.
- Steady growth in housing permits is often associated with a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series tracks the number of new residential housing units that have been authorized for construction through the issuance of building permits.
Q: Why is this trend relevant for users or analysts?
A: Housing construction activity is a critical component of economic growth, and this series provides key insights into the health of the housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of permit-issuing jurisdictions.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor housing permit data to assess the state of the economy and inform policy decisions related to housing, construction, and broader economic stimulation.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months, and the annual, seasonally adjusted figure may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHU24TTLUA156S), retrieved from FRED.