New Private Housing Units Authorized by Building Permits, Value for United States
M0205AUSM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
548.80
Year-over-Year Change
22.50%
Date Range
1/1/1942 - 6/1/1954
Summary
This economic indicator tracks the value of new private housing units authorized by building permits in the United States. It serves as an important leading indicator for the housing and construction sectors.
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 New Private Housing Units Authorized by Building Permits metric represents the total value of new private residential construction projects approved for development. This metric is widely used by economists and policymakers to gauge future activity in the housing market and broader economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local permit-issuing offices.
Historical Context
This indicator helps inform decisions by the Federal Reserve, construction firms, and real estate investors.
Key Facts
- Building permits are a leading indicator of future construction activity.
- The housing sector accounts for a significant portion of the U.S. economy.
- Permit data is closely watched by policymakers and market analysts.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of new private residential construction projects authorized by building permits in the United States.
Q: Why is this trend relevant for users or analysts?
A: The new housing permits metric is an important leading indicator that provides insight into future activity in the housing and construction sectors, which are vital to the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local permit-issuing offices.
Q: How is this trend used in economic policy?
A: The new housing permits data is closely monitored by the Federal Reserve, construction firms, and real estate investors to inform decisions about the direction of the housing market and broader economic conditions.
Q: Are there update delays or limitations?
A: The new housing permits data is released monthly by the Census Bureau, but there may be some delay in reporting from local permit offices.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits, Value for United States (M0205AUSM398NNBR), retrieved from FRED.