New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Mississippi
MSBP1FH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
641.00
Year-over-Year Change
2.56%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Mississippi' series tracks the number of new single-family housing units approved for construction in Mississippi. This metric is an important leading indicator of the state's 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 measures the number of building permits issued for new single-family home construction in Mississippi. It provides insight into housing market conditions and the state's economic trajectory, as increased residential building activity often coincides with broader economic expansion.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
Policymakers and real estate analysts closely monitor this series to assess the health of Mississippi's housing market and broader economic outlook.
Key Facts
- Building permits are a leading indicator of future construction activity.
- The series data is released monthly by the U.S. Census Bureau.
- Housing construction is a significant driver of economic growth in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of new single-family housing units authorized for construction in Mississippi through building permits.
Q: Why is this trend relevant for users or analysts?
A: The number of building permits issued is a leading indicator of future residential construction activity and economic growth in Mississippi.
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: Policymakers and real estate analysts use this series to assess the health of Mississippi's housing market and broader economic outlook.
Q: Are there update delays or limitations?
A: The data is released monthly, with a short lag between the reference period and publication.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Mississippi (MSBP1FH), retrieved from FRED.