New Private Housing Units Authorized by Building Permits for Virginia
VABPPRIV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,598.00
Year-over-Year Change
-2.95%
Date Range
1/1/1988 - 6/1/2025
Summary
This trend measures the number of new private housing units authorized by building permits in the U.S. state of Virginia. It is an important leading indicator of future residential construction activity and housing market conditions.
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 New Private Housing Units Authorized by Building Permits for Virginia metric tracks the number of permits issued for new privately-owned residential construction projects in the state. This data point is used by economists and policymakers to assess the health and trajectory of the Virginia housing market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
Trends in new housing permits provide insights into future residential investment and consumer demand.
Key Facts
- Virginia issued over 40,000 new housing permits in 2021.
- Permits for single-family homes make up the majority of new Virginia housing units.
- Building permit volumes can signal future trends in home sales and starts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private housing units authorized by building permits in the U.S. state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Trends in new housing permits provide insights into future residential investment, construction activity, and consumer demand in the Virginia housing market.
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: Economists and policymakers use this data to assess the health and trajectory of the Virginia housing market, which can inform decisions around residential investment, mortgage lending, and other related policies.
Q: Are there update delays or limitations?
A: There may be lags in reporting new permit data as it is collected from local sources.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for Virginia (VABPPRIV), retrieved from FRED.