Private Nonfarm New Housing Units, Constant Dollars for United States
M02257USM382SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,067.00
Year-over-Year Change
7.58%
Date Range
1/1/1946 - 12/1/1963
Summary
This economic indicator tracks the dollar value of new residential construction in the U.S. private nonfarm sector, adjusted for inflation. It serves as a key gauge of housing market 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 Private Nonfarm New Housing Units, Constant Dollars metric measures the total value of new privately-owned housing units started each month, excluding government projects. This data provides insights into the health and momentum of the U.S. housing market, which is a critical component of the broader economy.
Methodology
The data is collected through surveys of U.S. home builders and developers by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this trend to assess consumer demand, construction activity, and potential inflationary pressures.
Key Facts
- New housing construction represents over 3% of U.S. GDP.
- The housing sector employs millions of workers across the country.
- Residential investment is a key component of the Federal Reserve's economic models.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of new privately-owned housing units started each month in the U.S., adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The private housing construction sector is a critical component of the broader economy, and this data provides important insights into consumer demand, industry activity, and potential inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. home builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the health of the housing market and broader economic conditions, as it informs decisions on interest rates, stimulus measures, and other policy interventions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau with a typical 1-2 month delay. There may be revisions to previous months' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Private Nonfarm New Housing Units, Constant Dollars for United States (M02257USM382SNBR), retrieved from FRED.