Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Germany
ODCNPI03DEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-19.68
Year-over-Year Change
-624.08%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic indicator tracks the number of construction permits issued for dwellings and residential buildings in Germany. It provides insight into the construction sector and overall economic 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 Germany metric measures the number of permits granted for the construction of new residential dwellings and buildings in the country. This serves as a leading indicator of future construction activity and investment.
Methodology
The data is collected through a monthly survey of German construction firms and permitting authorities.
Historical Context
Policymakers and analysts use this metric to assess the health of the German housing and construction markets.
Key Facts
- Residential construction accounts for over 60% of Germany's construction sector.
- Building permit issuance leads construction activity by 6-12 months.
- Permits declined sharply during the 2008-2009 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of construction permits issued for new dwellings and residential buildings in Germany.
Q: Why is this trend relevant for users or analysts?
A: The construction permit data provides insights into future housing and economic activity, making it a valuable leading indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is gathered through a monthly survey of German construction firms and permitting authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the health of the German housing and construction markets, which are important drivers of the overall economy.
Q: Are there update delays or limitations?
A: The data is released with a 1-2 month lag, reflecting the time required to collect and process the information from construction firms and authorities.
Related Trends
Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Germany
LORSGPORDEQ659S
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Germany
LFWA24TTDEQ647S
National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Germany
DEUGDPNQDSMEI
Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Germany
LFEACNTTDEA647N
Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Germany
DEUPERMITAISMEI
Total Credit to Private Non-Financial Sector, Unadjusted for Breaks, for Germany
CRDQDEAPUBIS
Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Germany (ODCNPI03DEA657S), retrieved from FRED.