Value of Permits for Commercial Buildings for Boston, MA; Cleveland, OH; Los Angeles, CA; Milwaukee, WI; and Pittsburgh, PA
Q02159USQ550NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,723.10
Year-over-Year Change
145.54%
Date Range
10/1/1871 - 10/1/1919
Summary
This economic indicator tracks the value of permits issued for commercial building construction in five major U.S. metro areas. It provides insight into commercial real estate investment and economic activity in these key regional markets.
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 value of commercial building permits reflects planned commercial construction and investment in infrastructure. This metric is used by economists and policymakers to assess regional economic trends and the health of the commercial real estate sector.
Methodology
Data is collected directly from permit-issuing authorities in the five metro areas.
Historical Context
Trends in commercial building permit values offer insights into the short-term outlook for business investment and economic growth.
Key Facts
- Covers 5 major U.S. metro areas.
- Indicator of planned commercial building projects.
- Linked to regional economic growth and investment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of permits issued for commercial building construction in five major U.S. metropolitan areas.
Q: Why is this trend relevant for users or analysts?
A: Trends in commercial building permit values offer insights into the short-term outlook for business investment and economic growth in these regional markets.
Q: How is this data collected or calculated?
A: The data is collected directly from permit-issuing authorities in the five metro areas.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess regional economic trends and the health of the commercial real estate sector.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a short lag period.
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Citation
U.S. Federal Reserve, Value of Permits for Commercial Buildings for Boston, MA; Cleveland, OH; Los Angeles, CA; Milwaukee, WI; and Pittsburgh, PA (Q02159USQ550NNBR), retrieved from FRED.