New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Utah
UTBP1FH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,353.00
Year-over-Year Change
-7.46%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Utah' trend measures the number of new single-family housing units authorized for construction in Utah. This metric serves as an important leading indicator for the state's residential construction activity and economic growth.
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 series tracks the issuance of building permits for new private single-family housing units in Utah. It provides insight into residential construction plans and expectations, which are a key component of overall economic activity and investment.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
Policymakers and economists use this metric to gauge the health of Utah's housing and construction sectors.
Key Facts
- Utah building permits for new 1-unit housing reached a peak in 2021.
- Residential construction is a key driver of Utah's economic growth.
- Permit data provides an early signal of future housing supply.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private single-family housing units authorized for construction in Utah through the issuance of building permits.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as an important leading indicator for residential construction activity and economic growth in Utah.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the health of Utah's housing and construction sectors, which are key drivers of the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Utah (UTBP1FH), retrieved from FRED.