New Houses Sold by Sales Price Total in the Midwest Census Region
Thousands of Units, Annual
NHSMWSPTA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.00
Year-over-Year Change
-13.98%
Date Range
1/1/2020 - 1/1/2024
Summary
The 'Thousands of Units, Annual' trend measures the total annual production of new single-family houses sold in the United States. This metric is a key indicator of housing market activity and 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 annual data series tracks the number of new single-family houses sold in the U.S. housing market each year. It is used by economists, policymakers, and real estate analysts to gauge the health and trajectory of the residential construction industry, which is a major component of the broader economy.
Methodology
The data is collected through surveys of homebuilders and real estate firms by the U.S. Census Bureau.
Historical Context
Policymakers and market participants closely monitor this housing sales metric to inform decisions related to monetary policy, fiscal stimulus, and investment strategies.
Key Facts
- New home sales totaled 811,000 units in 2021.
- Sales of new single-family homes have increased by 20% since 2019.
- The Midwest region accounted for 23% of new home sales in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Units, Annual' trend measures the total annual production of new single-family houses sold in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of housing market activity and broader economic conditions, used by economists, policymakers, and real estate analysts to gauge the health and trajectory of the residential construction industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and real estate firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this housing sales metric to inform decisions related to monetary policy, fiscal stimulus, and investment strategies.
Q: Are there update delays or limitations?
A: The annual new home sales data is published with a relatively short lag, making it a timely indicator of housing market conditions.
Related Trends
Expenditures: Furniture by Region: Residence in the Midwest Census Region
CXUFURNITURLB1103M
Personal Taxes: Personal Taxes by Region: Residence in the Midwest Census Region
CXUPERSTAXLB1103M
Expenditures: Postage and Stationery by Region: Residence in the Midwest Census Region
CXUPOSTAGELB1103M
Expenditures: Vehicle Rental, Leases, Licenses, and Other Charges by Region: Residence in the Midwest Census Region
CXUVEHRNTLCLB1103M
Housing Inventory Estimate: Vacant Housing Units Held Off the Market and Vacant for Other Reasons in the Midwest Census Region
EOTHMWQ176N
Business Formations Within Eight Quarters: Total for All NAICS in Midwest Census Region
BFBF8QTOTALNSAMW
Citation
U.S. Census Bureau, New Residential Sales: Annual Totals (NHSMWSPTA), retrieved from FRED.