New Houses Sold by Sales Price, Total, in Northeast Census Region
NHSSPNET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-12.50%
Date Range
1/1/2020 - 4/1/2025
Summary
The 'New Houses Sold by Sales Price, Total, in Northeast Census Region' tracks the number of new single-family homes sold in the Northeastern United States, providing insight into the regional housing market.
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 data series measures the total volume of new single-family home sales in the Northeast, one of the four major Census regions in the US. It is an important indicator of housing demand and can inform policymakers and investors about regional real estate trends.
Methodology
The data is collected through surveys of home builders and real estate agents by the U.S. Census Bureau.
Historical Context
Analysts monitor this regional housing data to assess economic conditions and consumer confidence in the Northeast.
Key Facts
- The Northeast includes 9 states, from Maine to Maryland.
- New home sales account for around 10-15% of total home sales.
- Sales volumes can indicate consumer sentiment and economic growth.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of new single-family homes sold in the Northeastern United States, one of the four major Census regions.
Q: Why is this trend relevant for users or analysts?
A: New home sales are an important indicator of housing demand and economic conditions in the Northeast region, which can inform policymakers and investors.
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: Analysts and policymakers monitor this regional housing data to assess consumer confidence and economic growth in the Northeast.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week delay from the reference period.
Related Trends
New Privately Owned Housing Completions Total One-Family Units in the Northeast Census Region
COMP1FNEQ
Housing Inventory Estimate: Vacant Housing Units for Rent in the Northeast Census Region
ERENTNEQ176N
New Privately Owned Housing Starts Average Square Feet of Floor Area for Two or More Units in the Northeast Census Region
HOUSTSFLAA2UMNEQ
Expenditures: Personal Care Products and Services by Region: Residence in the Northeast Census Region
CXUPERSCARELB1102M
Income Before Taxes: Interest, Dividends, Rent Income, Property Income by Region: Residence in the Northeast Census Region
CXUINDIVRNTLB1102M
Expenditures: Health Insurance by Region: Residence in the Northeast Census Region
CXUHLTHINSRLB1102M
Citation
U.S. Federal Reserve, New Houses Sold by Sales Price, Total, in Northeast Census Region (NHSSPNET), retrieved from FRED.