Public Residential Buildings, Value of New Construction Put in Place for United States
M02275USM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.00
Year-over-Year Change
-8.82%
Date Range
1/1/1939 - 12/1/1963
Summary
This economic indicator tracks the value of new public residential construction projects in the United States. It provides insights into the level of public investment in housing infrastructure.
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 Public Residential Buildings, Value of New Construction Put in Place metric measures the dollar value of new public housing units, apartments, and other residential structures built during a given period. This data point is a key indicator of government and institutional investment in the nation's housing stock.
Methodology
The U.S. Census Bureau collects this data through surveys of construction firms and project owners.
Historical Context
This metric is used by policymakers, urban planners, and market analysts to gauge the level of public sector activity in the residential real estate market.
Key Facts
- Data is reported monthly by the U.S. Census Bureau.
- Values are adjusted for seasonal variations.
- Metric captures both new construction and major renovations.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the dollar value of new public residential construction projects, including housing units, apartments, and other structures built by government agencies and institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of public investment in the nation's housing infrastructure, which is an important factor for urban planning, real estate markets, and economic policymaking.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of construction firms and project owners.
Q: How is this trend used in economic policy?
A: Policymakers, urban planners, and market analysts use this metric to gauge government and institutional activity in the residential real estate sector, which can inform decisions around housing, infrastructure, and economic development.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month delay. The metric only captures public sector residential construction and may not reflect overall trends in the broader housing market.
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Citation
U.S. Federal Reserve, Public Residential Buildings, Value of New Construction Put in Place for United States (M02275USM398NNBR), retrieved from FRED.