Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Sweden
ODCNPI03SEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.70
Year-over-Year Change
-94.41%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the number of construction permits issued for dwellings and residential buildings in Sweden. It serves as an important indicator of future building activity and housing market conditions.
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 Sweden trend tracks the number of permits issued for new residential construction projects. This data helps economists and policymakers gauge the strength of the housing sector and predict future economic growth.
Methodology
The data is collected by Sweden's National Board of Housing, Building and Planning through reports from local authorities.
Historical Context
Permit issuance is closely watched by real estate investors and construction firms to plan their activities.
Key Facts
- Construction permits in Sweden reached a high of 72,980 in 2017.
- Permit issuance declined by 30% between 2017 and 2020 due to the COVID-19 pandemic.
- Sweden's construction sector accounts for around 6% of total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of building permits issued for new dwellings and residential construction projects in Sweden.
Q: Why is this trend relevant for users or analysts?
A: Permit issuance is a leading indicator of future housing market and construction activity, making it an important metric for economists, policymakers, and real estate investors.
Q: How is this data collected or calculated?
A: The data is collected by Sweden's National Board of Housing, Building and Planning through reports from local authorities.
Q: How is this trend used in economic policy?
A: Permit data helps inform housing, construction, and broader economic policy decisions by providing insights into the strength of the residential building sector.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Sweden (ODCNPI03SEA659S), retrieved from FRED.