Other Prices: Cost of Construction: Residential: Total for Sweden
OPCNRE01SEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.73
Year-over-Year Change
23.92%
Date Range
1/1/1968 - 7/1/2023
Summary
The 'Other Prices: Cost of Construction: Residential: Total for Sweden' economic trend measures the total cost of residential construction in Sweden. This provides insight into housing market dynamics and construction sector 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
This series tracks the overall costs associated with residential building projects in Sweden, including materials, labor, and other expenses. It is a valuable indicator for economists and policymakers to assess housing affordability, construction industry health, and investment trends.
Methodology
The data is collected through surveys of construction companies and compiled by government statistical agencies.
Historical Context
Policymakers use this metric to monitor housing supply and affordability, while market analysts track it to gauge Sweden's economic conditions.
Key Facts
- Residential construction costs in Sweden have risen over 30% in the past decade.
- The cost of construction materials accounts for approximately 60% of total residential building expenses.
- Sweden's housing market is a key driver of overall economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total cost of residential construction projects in Sweden, including materials, labor, and other expenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Sweden's housing market dynamics, construction industry health, and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and compiled by government statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to monitor housing supply and affordability, while market analysts track it to gauge Sweden's economic performance.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, providing timely insights into Sweden's residential construction market.
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Citation
U.S. Federal Reserve, Other Prices: Cost of Construction: Residential: Total for Sweden (OPCNRE01SEQ661N), retrieved from FRED.