New Private Housing Units Authorized by Building Permits: 1-Unit Structures for West Virginia
WVBP1FH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
311.00
Year-over-Year Change
16.48%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits: 1-Unit Structures for West Virginia' measures the number of new single-family home construction permits issued in the state. This metric is a key indicator of housing market activity and future residential investment.
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 building permits authorized for new, privately-owned single-family housing units in West Virginia. It serves as an important leading indicator for the state's residential construction sector and overall economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through a monthly survey of local building permit offices.
Historical Context
Policymakers and economists monitor this metric to gauge the strength of the West Virginia housing market and make informed decisions.
Key Facts
- West Virginia issued over 5,000 new single-family home building permits in 2021.
- Permit authorizations declined by 8% in 2020 due to the COVID-19 pandemic.
- The series has a long history dating back to the 1960s.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new privately-owned single-family housing unit building permits authorized in the state of West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key leading indicator for the West Virginia housing market and residential construction activity, providing insights into future economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of local permit-issuing offices by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this series to gauge the strength of the West Virginia housing sector and make informed decisions about economic and housing policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for West Virginia (WVBP1FH), retrieved from FRED.