Work Started: Construction: Dwellings and Residential Buildings: Total for United States
WSCNDW01USQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.93
Year-over-Year Change
-69.39%
Date Range
1/1/1960 - 7/1/2018
Summary
The 'Work Started: Construction: Dwellings and Residential Buildings: Total for United States' metric measures the total number of new residential construction projects started in the United States. This is a key indicator of economic activity and housing market trends.
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 metric represents the total number of new residential construction projects, including single-family homes and multi-unit dwellings, that have begun in the United States. It provides insights into housing demand, investment, and broader economic conditions.
Methodology
The data is collected through surveys of construction companies and builders.
Historical Context
This metric is closely watched by economists, policymakers, and real estate analysts to assess the health of the housing market and make informed decisions.
Key Facts
- New residential construction projects started in the U.S. in 2021 reached the highest level since 2006.
- The housing market has been a key driver of economic growth in recent years.
- Residential construction activity is a leading indicator of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total number of new residential construction projects, including single-family homes and multi-unit dwellings, that have begun in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of housing demand, investment, and broader economic conditions, making it closely watched by economists, policymakers, and real estate analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and builders.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess the health of the housing market and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Work Started: Construction: Dwellings and Residential Buildings: Total for United States (WSCNDW01USQ659S), retrieved from FRED.