Work Started: Construction: Dwellings and Residential Buildings: Total for Czech Republic
WSCNDW01CZA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.11
Year-over-Year Change
-75.16%
Date Range
1/1/1997 - 1/1/2022
Summary
This economic trend measures the volume of new construction work started on residential dwellings and buildings in the Czech Republic. It provides important insights into the country's housing and real estate 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
The Work Started: Construction: Dwellings and Residential Buildings: Total for Czech Republic metric tracks the initiation of new construction projects for residential properties, including both single-family homes and multi-unit buildings. This indicator offers economists and policymakers visibility into the health and trajectory of the Czech housing market.
Methodology
The data is collected through surveys of construction companies and contractors operating in the Czech Republic.
Historical Context
This metric is closely watched by real estate analysts, construction firms, and government agencies to assess broader economic conditions and inform policy decisions.
Key Facts
- Data is released monthly by the Czech Statistical Office.
- New residential construction is a leading indicator of economic growth.
- Housing starts fell sharply during the 2008 global financial crisis.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the volume of new construction work started on residential dwellings and buildings in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This indicator offers insights into the health and trajectory of the Czech housing market, which is a crucial component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and contractors operating in the Czech Republic.
Q: How is this trend used in economic policy?
A: Government agencies and policymakers closely monitor this metric to assess broader economic conditions and inform policy decisions related to the housing and real estate sectors.
Q: Are there update delays or limitations?
A: The data is released monthly by the Czech Statistical Office, and there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Work Started: Construction: Dwellings and Residential Buildings: Total for Czech Republic (WSCNDW01CZA659S), retrieved from FRED.