New Houses Sold by Sales Price Between $600,000 and $799,999 in the Northeast Census Region
Percent, Quarterly
NHSNESP60T79QP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
0.00%
Date Range
1/1/2020 - 4/1/2025
Summary
This series measures the percent change in the total value of U.S. new housing sales on a quarterly basis. It is an important indicator of economic activity and consumer confidence.
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 Percent Change in New Housing Sales, Quarterly tracks the rate of change in the total value of new single-family homes sold in the U.S. each quarter. This metric is used by economists and policymakers to assess the health of the housing market and broader consumer spending trends.
Methodology
The data is collected through surveys of new home sales by the U.S. Census Bureau.
Historical Context
Trends in new home sales provide insights into consumer demand, mortgage rates, and broader economic conditions.
Key Facts
- New home sales account for about 10-15% of total home sales in the U.S.
- The housing sector makes up around 15-18% of the U.S. GDP.
- New home construction can create millions of jobs in the economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly percent change in the total value of new single-family homes sold in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in new home sales provide important insights into consumer demand, mortgage rates, and the overall health of the housing market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor new home sales data to assess consumer confidence, housing affordability, and the need for potential policy interventions.
Q: Are there update delays or limitations?
A: The new home sales data is published monthly with a lag of about 3-4 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change in New Housing Sales, Quarterly (NHSNESP60T79QP), retrieved from FRED.