Thousands of Units, Annual
NHSMWSP20T29A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
-15.38%
Date Range
1/1/2002 - 1/1/2023
Summary
The 'Thousands of Units, Annual' trend measures the annual production of new single-family houses sold in the United States. This key housing market indicator helps economists and policymakers understand consumer demand and overall economic conditions.
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 represents the total number of new single-family houses sold in the U.S. on an annual basis. It is a widely followed measure of the health and outlook of the domestic housing sector, which is a major component of the broader economy.
Methodology
The data is collected through surveys of home builders and real estate agents by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the strength of consumer spending, construction activity, and broader macroeconomic trends.
Key Facts
- New home sales reached a peak of 1.28 million units in 2005.
- Sales declined sharply during the 2008-2009 recession, dropping below 400,000 units.
- Annual new home sales have gradually recovered since the financial crisis.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Units, Annual' trend measures the total number of new single-family houses sold in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of housing market conditions and consumer demand, providing insights into the broader health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and real estate agents by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of consumer spending, construction activity, and broader macroeconomic trends.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
Related Trends
Personal Taxes: Other Taxes by Region: Residence in the Midwest Census Region
CXUOTHRTAXLB1103M
New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Midwest Census Region
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Job Openings: Total Nonfarm in Midwest Census Region
JTS00MWJOL
Median Sales Price of Houses Sold for the Midwest Census Region
MSPMW
Expenditures: Alcoholic Beverages by Region: Residence in the Midwest Census Region
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Expenditures: Other Dairy Products by Region: Residence in the Midwest Census Region
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Citation
U.S. Federal Reserve, New Privately Owned Housing Units Sold (NHSMWSP20T29A), retrieved from FRED.