Expenditures for Additions and Alterations, Housekeeping Units for United States
A02273USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,108.00
Year-over-Year Change
195.47%
Date Range
1/1/1889 - 1/1/1953
Summary
This economic indicator measures spending on home renovations and additions by U.S. households. It provides insights into consumer confidence and the health of the residential construction sector.
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 Expenditures for Additions and Alterations metric tracks consumer spending on home improvement projects, such as remodeling, renovations, and expansions. It serves as a barometer for the strength of the housing market and household financial well-being.
Methodology
The data is collected through surveys of U.S. households by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this trend to gauge consumer sentiment and predict future housing and construction activity.
Key Facts
- Expenditures for home additions and alterations totaled $362 billion in 2021.
- Home improvement spending increased by 12% in 2021 compared to the previous year.
- The residential construction sector accounts for approximately 3.8% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks consumer spending on home improvement projects, such as remodeling, renovations, and expansions by U.S. households.
Q: Why is this trend relevant for users or analysts?
A: The Expenditures for Additions and Alterations metric provides insights into consumer confidence and the health of the residential construction sector, which are important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. households by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge consumer sentiment and predict future housing and construction activity, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, and there may be revisions to previously reported figures.
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Citation
U.S. Federal Reserve, Expenditures for Additions and Alterations, Housekeeping Units for United States (A02273USA398NNBR), retrieved from FRED.