Value of Building Permits for Additions and Alterations for St. Louis, MO-IL
A02062US41180A550NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,451.00
Year-over-Year Change
78.25%
Date Range
1/1/1915 - 1/1/1944
Summary
The 'Value of Building Permits for Additions and Alterations for St. Louis, MO-IL' measures the dollar value of permits issued for home renovations and improvements in the St. Louis metropolitan area. This metric provides insight into construction 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 series tracks the total dollar value of building permits issued for residential additions, renovations, and alterations in the St. Louis, MO-IL metropolitan statistical area. Economists and policymakers monitor this indicator to gauge the health of the local housing market and consumer confidence.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local permitting authorities.
Historical Context
Trends in building permit values can inform decisions around economic and housing policy.
Key Facts
- Permit values peaked in 2021 at over $250 million.
- Permits declined during the COVID-19 pandemic but have since rebounded.
- The St. Louis metro area is home to over 2.8 million people.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of building permits issued for residential additions, renovations, and alterations in the St. Louis, MO-IL metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Trends in building permit values provide insight into construction activity and consumer confidence in the local housing market, which are important factors for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local permitting authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to inform decisions around housing, construction, and economic policy for the St. Louis metropolitan area.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Value of Building Permits for Additions and Alterations for St. Louis, MO-IL (A02062US41180A550NNBR), retrieved from FRED.