Private Nonfarm Residential Additions and Alterations for United States
A02264USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,438.00
Year-over-Year Change
78.66%
Date Range
1/1/1915 - 1/1/1963
Summary
This economic indicator tracks private residential construction spending on additions and alterations in the United States. It is a key measure of residential investment activity and home renovation 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
The Private Nonfarm Residential Additions and Alterations series measures the value of construction spending on home improvement projects by private property owners, excluding multi-family housing. It provides insight into consumer confidence and discretionary home investments.
Methodology
The data is collected through surveys of construction companies and home improvement retailers by the U.S. Census Bureau.
Historical Context
This metric is closely watched by economists and policymakers to assess the health of the housing market and consumer spending.
Key Facts
- Residential additions and alterations account for over 40% of total residential construction spending.
- Home improvement spending tends to rise during periods of economic expansion.
- This metric excludes new home construction and multi-family projects.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks private residential construction spending on home additions, renovations, and alterations in the United States, excluding multi-family housing.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer confidence and discretionary home investment activity, which are important signals for the health of the housing market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and home improvement retailers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to assess consumer spending, residential investment, and the overall state of the housing market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Private Nonfarm Residential Additions and Alterations for United States (A02264USA398NNBR), retrieved from FRED.