Work Started: Construction: Dwellings and Residential Buildings: Total for Sweden
WSCNDW01SEQ470N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,703.00
Year-over-Year Change
-63.47%
Date Range
1/1/1960 - 7/1/2023
Summary
The 'Work Started: Construction: Dwellings and Residential Buildings: Total for Sweden' trend measures the volume of construction activity related to new dwellings and residential buildings in Sweden. This provides insight into the country's housing market and economic development.
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 indicator tracks the total number of construction projects started for new dwellings and residential buildings in Sweden. It serves as an important leading economic indicator, as housing construction activity is closely tied to consumer confidence, mortgage lending, and overall economic conditions.
Methodology
The data is collected through surveys of construction companies and reported by Statistics Sweden.
Historical Context
Policymakers and economists closely monitor this trend to assess the health of the Swedish housing market and broader economic outlook.
Key Facts
- Construction of new dwellings and residential buildings accounts for a significant portion of Sweden's GDP.
- The volume of new construction projects is an indicator of consumer confidence and mortgage lending.
- Trends in this data help policymakers assess the health of the Swedish housing market.
FAQs
Q: What does this economic trend measure?
A: The 'Work Started: Construction: Dwellings and Residential Buildings: Total for Sweden' trend measures the volume of new construction projects for dwellings and residential buildings in Sweden.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the health of the Swedish housing market and broader economic conditions, as housing construction activity is closely tied to consumer confidence and lending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and reported by Statistics Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the overall outlook for the Swedish economy and guide policy decisions related to housing, lending, and consumer confidence.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and survey limitations of Statistics Sweden, which may result in occasional update delays or revisions.
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Citation
U.S. Federal Reserve, Work Started: Construction: Dwellings and Residential Buildings: Total for Sweden (WSCNDW01SEQ470N), retrieved from FRED.