New Private Housing Units Authorized by Building Permits for Missouri
MOBPPRIVSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,712.46
Year-over-Year Change
3.91%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits for Missouri' trend measures the number of new private housing units authorized by building permits in the state of Missouri. This metric is a leading indicator of residential construction 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
This series tracks the monthly number of new privately-owned housing units authorized by building permits in the state of Missouri. It is a widely-used leading indicator that provides insight into future construction activity, housing market conditions, and broader economic trends within the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
Policymakers and economists closely monitor this metric to assess the health of Missouri's housing and construction sectors, as well as the broader state economy.
Key Facts
- Missouri issued over 20,000 new private housing permits in 2022.
- Building permits declined by 5% in Missouri from 2021 to 2022.
- The housing construction sector accounts for over 4% of Missouri's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new privately-owned housing units authorized by building permits in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric is a leading indicator of residential construction activity and economic growth in Missouri, providing insights into future housing market conditions and broader state-level trends.
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.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the health of Missouri's housing and construction sectors, as well as the broader state economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for Missouri (MOBPPRIVSA), retrieved from FRED.