Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in North Dakota
Quarterly, Seasonally Adjusted Annual Rate
NDARTENTRECRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
339.90
Year-over-Year Change
40.51%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the Quarterly, Seasonally Adjusted Annual Rate of New Privately Owned Housing Units Authorized by Building Permits in the United States. It provides important insights into the health and activity of the residential construction sector.
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 Quarterly, Seasonally Adjusted Annual Rate of New Privately Owned Housing Units Authorized by Building Permits is a key indicator used by economists and policymakers to assess the state of the housing market and broader economic conditions. It represents the annualized rate at which new residential construction permits are issued on a quarterly basis.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of local permitting authorities.
Historical Context
This metric is closely monitored by the Federal Reserve, construction industry, and real estate analysts to gauge future housing supply and economic trends.
Key Facts
- Quarterly housing permits peaked at an annualized rate of 2.3 million in 2005.
- Permits declined sharply during the 2008-2009 recession, reaching a low of 0.5 million.
- As of the latest data, the annualized permit rate stands at 1.7 million.
FAQs
Q: What does this economic trend measure?
A: This series measures the annualized rate of new privately owned housing units authorized by building permits on a quarterly basis, providing insights into residential construction activity.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly Housing Permits trend is a leading indicator of future housing supply and construction, making it a closely watched metric for economists, policymakers, and real estate analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local permitting authorities and calculated as a seasonally adjusted annualized rate.
Q: How is this trend used in economic policy?
A: This metric is monitored by the Federal Reserve and other institutions to assess the health of the housing market and broader economic conditions, informing policy decisions and market outlooks.
Q: Are there update delays or limitations?
A: The Quarterly Housing Permits data is released with a lag of approximately one month, and the seasonally adjusted annualized rate may be subject to revisions over time.
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Citation
U.S. Census Bureau, Quarterly, Seasonally Adjusted Annual Rate of New Privately Owned Housing Units Authorized by Building Permits (NDARTENTRECRQGSP), retrieved from FRED.