Private Nonfarm Housekeeping Residential Buildings for United States
M0204AUSM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
433.00
Year-over-Year Change
127.89%
Date Range
1/1/1939 - 12/1/1946
Summary
The 'Private Nonfarm Housekeeping Residential Buildings for United States' measures the value of private residential construction spending, providing insight into the health of the U.S. housing 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 monthly value of private construction projects for new single-family and multifamily residential buildings, excluding dormitories and hotels. It is a key metric used by economists and policymakers to gauge economic activity and assess the state of the real estate sector.
Methodology
The data is collected through surveys by the U.S. Census Bureau.
Historical Context
This metric is closely watched by the Federal Reserve and other government agencies as it informs decisions around monetary and fiscal policies.
Key Facts
- The data is released monthly by the U.S. Census Bureau.
- Residential construction is a key driver of economic growth.
- The trend reached a record high in 2006 before the housing crisis.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly value of private construction projects for new single-family and multifamily residential buildings in the United States, excluding dormitories and hotels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health of the U.S. housing market and serves as an important indicator of economic activity for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other government agencies closely monitor this indicator to inform decisions around monetary and fiscal policies that can impact the housing market and broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Private Nonfarm Housekeeping Residential Buildings for United States (M0204AUSM398NNBR), retrieved from FRED.