Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Czech Republic
ODCNPI03CZA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.79
Year-over-Year Change
-118.02%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the number of construction permits issued for new dwellings and residential buildings in the Czech Republic. It provides insight into the pace of residential construction activity.
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 Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Czech Republic series tracks the total number of permits granted for new residential construction projects in the country. This metric is a leading indicator of future construction activity and investment.
Methodology
The data is collected through administrative records from national construction authorities.
Historical Context
Policymakers and analysts monitor this trend to assess the health of the Czech housing market and broader economic conditions.
Key Facts
- Construction permits in the Czech Republic peaked in 2017.
- Residential permits account for over 80% of total construction permits.
- Permit issuance is a leading indicator of future construction spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of construction permits issued for new dwellings and residential buildings in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: The construction permits metric is a leading indicator of future residential investment and economic activity in the Czech housing market.
Q: How is this data collected or calculated?
A: The data is collected through administrative records from national construction authorities in the Czech Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health of the Czech housing market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Czech Republic (ODCNPI03CZA657S), retrieved from FRED.