Production: Manufacturing: Intermediate Goods: Total for Germany
Annual, Seasonally Adjusted
PRMNIG01DEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.19
Year-over-Year Change
26.38%
Date Range
1/1/1960 - 1/1/2021
Summary
The Annual, Seasonally Adjusted trend measures the total value of new privately-owned housing units started each year in the United States. This metric is a key indicator of residential construction activity and overall economic health.
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 Annual, Seasonally Adjusted housing starts series tracks the initiation of new private residential construction projects. It provides a broad measure of the pace of new home building, which is an important leading indicator for the economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of residential construction firms.
Historical Context
Housing starts are closely monitored by policymakers, investors, and economists to gauge the strength of the housing market and broader economic conditions.
Key Facts
- New housing starts averaged over 1.5 million units per year from 2015-2019.
- Housing starts declined sharply during the 2008-2009 recession but have since recovered.
- Single-family home construction accounts for about 70% of total housing starts.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted housing starts series tracks the initiation of new private residential construction projects each year in the United States.
Q: Why is this trend relevant for users or analysts?
A: Housing starts are a key leading indicator for the broader economy, providing insights into consumer demand, business investment, and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through monthly surveys of residential construction firms.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economists closely monitor housing starts to assess the strength of the housing market and inform decisions related to monetary policy, fiscal stimulus, and market regulation.
Q: Are there update delays or limitations?
A: The housing starts data is reported monthly with a lag of around 1 month. There may also be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (PRMNIG01DEA661S), retrieved from FRED.