New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Wisconsin
WIBP1FH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,335.00
Year-over-Year Change
11.72%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Wisconsin' metric tracks the number of new single-family homes approved for construction in Wisconsin. This is a key indicator of residential investment and housing market activity in the state.
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 measures the number of building permits issued for new private single-family housing units in Wisconsin. It serves as an early leading indicator of residential construction activity and can signal changes in the local housing market and broader economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through a monthly survey of local building permit offices.
Historical Context
Policymakers and analysts use this metric to assess the health of Wisconsin's housing sector and make informed decisions about economic and housing policies.
Key Facts
- Wisconsin issued permits for over 13,000 new single-family homes in 2021.
- Building permits are a leading indicator of future residential construction activity.
- The number of permits reflects developer confidence in the local housing market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private single-family housing units authorized by building permits in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of residential investment and housing market activity in Wisconsin, providing insights into the health of the local construction industry and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through a monthly survey of local building permit offices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of Wisconsin's housing sector and make informed decisions about economic and housing policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on housing market trends in Wisconsin.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Wisconsin (WIBP1FH), retrieved from FRED.