Number of New Private Nonfarm Housing Units Started, Three-Family and Over for United States
A0203AUSA176NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
214.90
Year-over-Year Change
200.56%
Date Range
1/1/1900 - 1/1/1959
Summary
This economic indicator tracks the number of new private nonfarm housing units started with three or more units in the United States. It is an important measure of construction activity and 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
The 'Number of New Private Nonfarm Housing Units Started, Three-Family and Over' data series represents the volume of new multi-unit housing projects being initiated in the U.S. private sector. It is a key metric used by economists and policymakers to assess the health of the housing market and broader economy.
Methodology
The data is collected through a monthly survey of builders and developers by the U.S. Census Bureau.
Historical Context
This metric helps inform decisions around monetary and fiscal policies that impact the construction industry and consumer housing demand.
Key Facts
- Multi-unit housing starts account for over 30% of total new residential construction.
- This metric has shown volatility during economic cycles.
- Sustained increases signal greater confidence in the housing market.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new private housing units that are part of structures with three or more units, such as apartment buildings and condominiums.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important leading indicator of construction activity, residential investment, and overall economic health.
Q: How is this data collected or calculated?
A: The data is gathered through a monthly survey of builders and developers conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the state of the housing market and make decisions around monetary and fiscal policies that impact construction and consumer demand.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Number of New Private Nonfarm Housing Units Started, Three-Family and Over for United States (A0203AUSA176NNBR), retrieved from FRED.