New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Total Units in the Northeast Census Region
Not Seasonally Adjusted
PERMITNENSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.10
Year-over-Year Change
-12.93%
Date Range
1/1/1959 - 6/1/2025
Summary
The 'Not Seasonally Adjusted' series measures new building permits issued in the United States, providing insights into construction and housing market 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 trend represents the number of new residential construction permits issued each month without adjusting for seasonal factors like weather or holidays. It is a leading indicator of housing and economic conditions.
Methodology
The data is collected through surveys of local governments and building departments.
Historical Context
This metric is closely watched by economists, policymakers, and real estate analysts to gauge the health of the construction industry.
Key Facts
- Building permits hit a 15-year high in 2022.
- The South region accounts for the most new permits.
- Single-family home permits are more volatile than multi-family.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' series tracks the number of new residential building permits issued each month in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a leading indicator of housing and construction activity, which is crucial for understanding broader economic conditions and forecasting future growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local governments and building departments across the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the health of the construction industry and make informed decisions about housing, infrastructure, and economic policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, and it does not capture all permit activity, as some small-scale construction may go unreported.
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New Privately Owned Housing Completions Average Square Feet of Floor Area for One-Family Units in the Northeast Census Region
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (PERMITNENSA), retrieved from FRED.