New Houses Sold by Sales Price Between $1,000,000 and Over in the Northeast Census Region
NHSNESP100OA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
125.00%
Date Range
1/1/2020 - 1/1/2024
Summary
This economic trend measures new single-family home sales in the Northeast U.S. with a sale price of $1 million or more. It provides insight into high-end housing market activity in the region.
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 Houses Sold by Sales Price Between $1,000,000 and Over in the Northeast Census Region metric tracks the monthly volume of new single-family home sales with a sale price of $1 million or higher in the Northeast United States. This data is used by economists and policymakers to analyze trends in luxury housing and consumer demand for high-end residential properties.
Methodology
The data is collected through a monthly survey of a sample of new home sales by the U.S. Census Bureau.
Historical Context
This metric helps inform housing and economic policies as well as investment decisions related to the Northeast's luxury real estate market.
Key Facts
- The Northeast region includes CT, ME, MA, NH, NJ, NY, PA, RI, and VT.
- New home sales account for about 10-15% of total home sales in the U.S.
- Luxury home sales can signal broader consumer confidence and economic health.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monthly volume of new single-family home sales with a sale price of $1 million or higher in the Northeast United States.
Q: Why is this trend relevant for users or analysts?
A: The data provides insight into high-end housing market activity and consumer demand for luxury properties in the Northeast region, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of a sample of new home sales by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric helps inform housing and economic policies as well as investment decisions related to the Northeast's luxury real estate market.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of several weeks by the Census Bureau.
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Citation
U.S. Census Bureau, New Houses Sold by Sales Price Between $1,000,000 and Over in the Northeast Census Region (NHSNESP100OA), retrieved from FRED.