New Privately-Owned Housing Units Under Construction: Total Units
UNDCONTSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,361.00
Year-over-Year Change
-13.42%
Date Range
1/1/1970 - 6/1/2025
Summary
The 'New Privately-Owned Housing Units Under Construction: Total Units' trend measures the total number of new private housing units being built across the United States. This is a key economic indicator used to assess the strength of the residential construction 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
This housing construction data provides insight into the pace of new home building activity, which is an important driver of overall economic growth. Economists and policymakers closely monitor this metric to gauge the health of the housing market and broader economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of residential construction companies.
Historical Context
The housing construction trend is widely used to inform economic and monetary policy decisions.
Key Facts
- Construction started on over 1.8 million new private housing units in 2022.
- Housing starts remain below pre-pandemic levels despite recent increases.
- The South region accounts for the largest share of new residential construction.
FAQs
Q: What does this economic trend measure?
A: The 'New Privately-Owned Housing Units Under Construction: Total Units' trend measures the total number of new private housing units that are currently under construction across the United States.
Q: Why is this trend relevant for users or analysts?
A: This housing construction data provides important insights into the pace of new home building activity, which is a key driver of economic growth. Economists and policymakers closely monitor this metric to assess the health of the housing market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of residential construction companies.
Q: How is this trend used in economic policy?
A: The housing construction trend is widely used by policymakers, economists, and market analysts to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau, with a typical delay of around 1 month.
Related Trends
Citation
U.S. Federal Reserve, New Privately-Owned Housing Units Under Construction: Total Units (UNDCONTSA), retrieved from FRED.