New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Maine
MEBP1FH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
427.00
Year-over-Year Change
-3.61%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Maine' data series tracks the number of new single-family homes authorized for construction in Maine through building permits. This metric is a leading indicator of residential investment and housing market activity.
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 provides insights into the state of Maine's residential construction industry and housing market. It represents the number of new single-family home building permits issued, which signals future home construction and investment in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
Economists and policymakers monitor this data to assess the health of Maine's housing market and broader economic conditions.
Key Facts
- Maine issues around 1,000 single-family home building permits per month.
- Residential construction is a significant contributor to Maine's economy.
- Building permit data helps forecast future housing supply and investment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of new single-family home building permits issued in the state of Maine, which indicates future residential construction activity.
Q: Why is this trend relevant for users or analysts?
A: The number of building permits for new single-family homes is a leading indicator of housing market conditions and future residential investment in Maine, providing insights for economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local building permit offices in Maine.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this data to assess the health of Maine's housing market and broader economic conditions, which can inform policy decisions related to housing, construction, and residential investment.
Q: Are there update delays or limitations?
A: The data is reported monthly, but there may be a 1-2 month delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Maine (MEBP1FH), retrieved from FRED.