Private Nonfarm Housekeeping Residential Buildings, Constant Dollars for United States
A02259USA382NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,555.00
Year-over-Year Change
24.43%
Date Range
1/1/1946 - 1/1/1963
Summary
This economic trend measures private residential construction spending, adjusted for inflation, excluding non-housekeeping facilities. It provides insight into the health of the U.S. 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 Private Nonfarm Housekeeping Residential Buildings, Constant Dollars metric tracks the dollar value of new private residential construction projects, excluding non-residential and non-housekeeping buildings. It is a key indicator of housing sector performance and a leading gauge of overall economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of construction companies.
Historical Context
This indicator is closely monitored by policymakers, economists, and investors for its implications on the health of the housing market and broader economic trends.
Key Facts
- Excludes non-residential and non-housekeeping buildings.
- Adjusted for inflation using the price index for private residential investment.
- Reflects changes in new home construction and renovation projects.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the dollar value of new private residential construction projects, excluding non-residential and non-housekeeping buildings.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the health of the U.S. housing market and broader economic activity, making it a key indicator closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of construction companies.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and investors to assess the performance of the housing sector and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a lag time before being published.
Related Trends
Public Construction for United States
M02193USM398NNBR
Federal-Aid Roads Under Construction for United States
M02H4AUSM375NNBR
Douglas Fir Lumber Production for United States
M02118USM388NNBR
Private Nonfarm Nonresidential Building for United States
M02183USM398NNBR
Value of Permits for Commercial and Industrial Buildings for Philadelphia, PA
A02057US37980A398NNBR
Total New Construction, Value in Constant Dollars for United States
A02F7AUSA380NNBR
Citation
U.S. Federal Reserve, Private Nonfarm Housekeeping Residential Buildings, Constant Dollars for United States (A02259USA382NNBR), retrieved from FRED.