New Private Housing Units Authorized by Building Permits for Washington
WABPPRIVSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,107.30
Year-over-Year Change
29.97%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits for Washington' series tracks the number of new residential building permits issued in the state of Washington. This metric is a leading indicator of future construction activity and housing market trends.
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 economic indicator provides insights into the health and growth of the Washington housing market. Building permits are a crucial data point, as they signal builder confidence and upcoming residential construction projects.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local permit-issuing offices.
Historical Context
Policymakers and real estate analysts closely monitor this metric to assess economic conditions and make informed decisions.
Key Facts
- Washington issues over 50,000 new residential building permits annually.
- Permit volumes tend to peak in the summer months.
- The series has a long history dating back to the 1960s.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new private housing units authorized by building permits in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: Building permits are a leading indicator of future residential construction activity, providing insights into the health and growth of the Washington 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 permit-issuing offices.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts closely monitor this metric to assess economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for Washington (WABPPRIVSA), retrieved from FRED.