New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Montana
MTBP1FH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212.00
Year-over-Year Change
-47.26%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Montana' trend measures the number of new single-family housing units approved for construction in Montana. This statistic is a leading indicator of future residential construction 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 data series tracks the number of private housing units in Montana that have been authorized for construction through the issuance of building permits. It provides insights into the state's residential construction pipeline and housing market dynamics.
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 metric to assess the health of the Montana housing market and broader economic conditions.
Key Facts
- Montana issued permits for 4,234 new single-family homes in 2022.
- Residential construction permits declined by 7.2% in Montana in 2022.
- The 2022 permit level was 15% above the pre-pandemic 2019 figure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private housing units in Montana that have been authorized for construction through the issuance of building permits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of Montana's housing market and construction pipeline, which are key indicators of broader economic conditions in the state.
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: Economists and policymakers monitor this metric to assess the strength of the residential construction sector and make informed decisions about economic and housing policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight lag, so it may not reflect the most current construction activity in Montana.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Montana (MTBP1FH), retrieved from FRED.