Net Nonfarm Residential Construction (Constant Dollars) for United States
A02210USA379NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,367.00
Year-over-Year Change
-533.23%
Date Range
1/1/1889 - 1/1/1955
Summary
This economic indicator measures the value of new residential construction in the U.S. adjusted for inflation. It provides insights into the health of the housing market and broader economic activity.
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 Net Nonfarm Residential Construction (Constant Dollars) series tracks the monetary value of new residential building projects in the United States, excluding the value of land. It is an important gauge of construction industry performance and a key input for analysts and policymakers studying the housing sector.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of construction firms.
Historical Context
Trends in this series are closely monitored by the Federal Reserve and other economic institutions to assess the state of the housing market and broader economic conditions.
Key Facts
- Residential construction accounts for over 3% of U.S. GDP.
- The series is measured in billions of chained 2012 dollars.
- New home construction is a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of new residential construction projects in the United States, adjusted for inflation. It provides insights into the state of the housing market.
Q: Why is this trend relevant for users or analysts?
A: Trends in residential construction are closely monitored as they reflect broader economic conditions and can influence consumer confidence, business investment, and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of construction firms and contractors.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions analyze this series to assess the health of the housing market and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month. There may be revisions to previous months' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Net Nonfarm Residential Construction (Constant Dollars) for United States (A02210USA379NNBR), retrieved from FRED.