Work Started: Construction: Dwellings and Residential Buildings: Total for Denmark
WSCNDW01DKA489S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,773.25
Year-over-Year Change
106.56%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the total construction work started on dwellings and residential buildings in Denmark. It provides valuable insights into the country's housing and real estate market dynamics.
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 Denmark' metric tracks new construction activity in the Danish residential sector. It is a leading indicator of economic growth and helps policymakers and analysts assess the health of the housing market.
Methodology
The data is collected through surveys of construction firms and builders in Denmark.
Historical Context
This trend is closely monitored by the Danish government, central bank, and real estate industry to inform economic and housing policy decisions.
Key Facts
- Construction work started on dwellings and residential buildings in Denmark.
- Indicator of housing market activity and economic growth.
- Data collected through surveys of construction firms.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total construction work started on dwellings and residential buildings in Denmark. It provides insights into the country's housing and real estate market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is a leading indicator of economic growth and housing market health, making it highly relevant for policymakers, economists, and real estate analysts in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and builders in Denmark.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Danish government, central bank, and real estate industry to inform economic and housing policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and potential limitations in survey coverage, but the trend provides a valuable, timely insight into the Danish residential construction market.
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Citation
U.S. Federal Reserve, Work Started: Construction: Dwellings and Residential Buildings: Total for Denmark (WSCNDW01DKA489S), retrieved from FRED.