Gross Private Nonfarm Residential Construction for United States
A02149USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,256.00
Year-over-Year Change
1768.51%
Date Range
1/1/1889 - 1/1/1955
Summary
This economic series measures the dollar value of new residential construction projects in the U.S. private sector, excluding farms. It is a key indicator of housing market activity and economic growth.
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
Gross private nonfarm residential construction refers to the total value of newly-built housing units, such as single-family homes, townhouses, and apartment buildings, but excludes construction on farms. This metric provides insight into the strength of the housing industry and broader economic conditions.
Methodology
The data is collected through surveys of construction firms and builders.
Historical Context
Policymakers and analysts monitor this trend to assess the health of the housing market and broader economic outlook.
Key Facts
- Private nonfarm residential construction accounts for a significant portion of GDP.
- This metric excludes government and farm-based housing projects.
- The data is published monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of new residential construction projects in the U.S. private sector, excluding farms.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the housing industry and broader economic conditions, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and builders.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend 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 by the U.S. Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Gross Private Nonfarm Residential Construction for United States (A02149USA398NNBR), retrieved from FRED.