Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Estonia
ODCNPI03EEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.30
Year-over-Year Change
-53.41%
Date Range
1/1/1998 - 7/1/2023
Summary
This economic trend measures the number of construction permits issued for new dwellings and residential buildings in Estonia. It serves as an important indicator of construction activity and future housing supply.
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 Estonia metric tracks the number of permits authorized for the construction of new residential properties. This metric provides insights into the level of construction and development taking place in the Estonian housing market.
Methodology
The data is collected by the Estonian government through a census of construction permit applications.
Historical Context
This trend is closely monitored by policymakers, real estate analysts, and investors to gauge the health of the Estonian housing sector and future market conditions.
Key Facts
- New residential construction permits in Estonia peaked in 2021.
- Permit issuance is a leading indicator of future housing supply.
- Permit data helps forecast economic growth and real estate trends.
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 Estonia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of construction activity and future housing supply in the Estonian market, which is valuable for policymakers, real estate analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the Estonian government through a census of construction permit applications.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to gauge the health of the Estonian housing sector and inform decisions related to economic development, urban planning, and housing policy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of the Estonian government and may have a short delay before being published.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Estonia (ODCNPI03EEQ661N), retrieved from FRED.