New Private Housing Units Authorized by Building Permits: 1-Unit Structures for North Carolina
NCBP1FHSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,210.28
Year-over-Year Change
1.74%
Date Range
1/1/1988 - 6/1/2025
Summary
This economic trend measures the number of new private housing units authorized by building permits for single-unit structures in North Carolina. It provides valuable insights into the state's residential construction activity and future housing supply.
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 New Private Housing Units Authorized by Building Permits: 1-Unit Structures for North Carolina metric tracks the number of permits issued for the construction of new single-family homes in the state. This data is a leading indicator of housing market conditions and overall economic growth.
Methodology
The data is collected by the U.S. Census Bureau through a monthly survey of local building permit offices.
Historical Context
Policymakers and real estate analysts closely monitor this trend to gauge the health of North Carolina's housing sector and make informed decisions.
Key Facts
- North Carolina issued over 110,000 single-family building permits in 2022.
- The state's housing permits have increased by 25% since 2019.
- North Carolina ranks among the top 10 states for new single-family home construction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private housing units authorized by building permits for single-unit structures in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the state's residential construction activity and future housing supply, which is important for policymakers, real estate professionals, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through a monthly survey of local building permit offices.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts closely monitor this trend to gauge the health of North Carolina's housing sector and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release delay of 1-2 months.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for North Carolina (NCBP1FHSA), retrieved from FRED.