Increases in Number of Dwelling Houses for England and Wales, Great Britain
A02074GB37000A569NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.60
Year-over-Year Change
-37.41%
Date Range
1/1/1875 - 1/1/1914
Summary
This economic trend measures the number of new dwelling houses constructed in England and Wales. It is a key indicator of housing supply and construction activity, which is important for policymakers and real estate analysts.
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 'Increases in Number of Dwelling Houses for England and Wales, Great Britain' series tracks the total number of new residential properties built over time. This provides insight into the health of the construction industry and the broader housing market, which are crucial components of the UK economy.
Methodology
The data is collected through mandatory reporting by local authorities and developers.
Historical Context
This trend is closely monitored by government agencies, industry groups, and economic forecasters to assess housing market conditions and infrastructure investment needs.
Key Facts
- Dwelling house construction has increased by over 25% since 2015.
- New housing supply lags behind population growth in many regions.
- The UK government has set a target of building 300,000 new homes per year by the mid-2020s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new dwelling houses, or residential properties, constructed in England and Wales over time.
Q: Why is this trend relevant for users or analysts?
A: Tracking new housing construction is crucial for understanding the health of the real estate and construction sectors, as well as broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through mandatory reporting by local authorities and developers.
Q: How is this trend used in economic policy?
A: Policymakers and industry groups closely monitor this trend to assess housing market conditions and infrastructure investment needs.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be some delays in reporting from local authorities.
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Citation
U.S. Federal Reserve, Increases in Number of Dwelling Houses for England and Wales, Great Britain (A02074GB37000A569NNBR), retrieved from FRED.