Work Started: Construction: Dwellings and Residential Buildings: Total for France
WSCNDW01FRA489S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,733.90
Year-over-Year Change
-7.71%
Date Range
1/1/1974 - 1/1/2017
Summary
The 'Work Started: Construction: Dwellings and Residential Buildings: Total for France' series measures the volume of new residential construction projects initiated in France. This metric is a key indicator of housing sector activity and confidence.
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 tracks the number of new housing and residential building projects that have commenced construction in France. It provides insight into the state of the domestic real estate market and broader economic conditions affecting investment and construction activity.
Methodology
The data is collected through surveys of construction firms and contractors by the French statistical agency.
Historical Context
Policymakers and economists use this indicator to assess the health of the French housing sector and its broader macroeconomic implications.
Key Facts
- France is the world's sixth-largest construction market.
- Residential buildings account for over 60% of French construction activity.
- New housing projects lead to job creation and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This series tracks the volume of new residential construction projects that have commenced in France, providing insight into the state of the domestic housing market.
Q: Why is this trend relevant for users or analysts?
A: The level of new housing construction is a key indicator of economic confidence and activity, with implications for employment, consumer spending, and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and contractors by the French statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the health of the French housing sector and its broader macroeconomic implications, informing decisions on monetary, fiscal, and housing policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Work Started: Construction: Dwellings and Residential Buildings: Total for France (WSCNDW01FRA489S), retrieved from FRED.