Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Hungary
Quarterly, Seasonally Adjusted
PREND401HUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.90
Year-over-Year Change
-13.56%
Date Range
1/1/1992 - 1/1/2024
Summary
This economic trend measures the total value of U.S. residential construction put in place on a quarterly, seasonally adjusted basis. It provides important insights into the health and momentum of the housing sector.
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 Quarterly, Seasonally Adjusted construction spending series tracks the total dollar value of residential construction projects that have been completed and incorporated into the U.S. economy during the measured period. This metric is a key indicator of overall construction activity and investment.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of construction companies and project owners.
Historical Context
Policymakers and analysts use this trend to assess the strength of the housing market and make informed decisions about economic and fiscal policies.
Key Facts
- Construction spending reached a record high of $817 billion in 2022.
- Residential investment accounts for approximately 3-4% of U.S. GDP.
- Housing starts declined by 4.2% in 2022 due to rising interest rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of residential construction projects completed and incorporated into the U.S. economy on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and momentum of the housing sector, which is a key driver of economic growth. It is closely monitored by policymakers and analysts to assess the strength of the overall construction industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of construction companies and project owners.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the strength of the housing market and make informed decisions about economic and fiscal policies that can impact construction activity and investment.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately 2 months. There may be revisions to previous months' data as more complete information becomes available.
Related Trends
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Hungary
HUNCP110000GPM
Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Hungary
IRSTCB01HUM156N
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Hungary
HUNFCLODCGGDPPT
Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Hungary
CRDQHUAHUBIS
Amount Outstanding of Total Debt Securities in Financial Corporations Sector, All Maturities, Residence of Issuer in Hungary
TDSAMRIAOFCHU
Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Hungary
CP0540HUM086NEST
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (PREND401HUQ661S), retrieved from FRED.