Value of Building Permits for Additions and Alterations for St. Louis, MO-IL
A0262AUS41180A550NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,942.00
Year-over-Year Change
31.04%
Date Range
1/1/1900 - 1/1/1915
Summary
The Value of Building Permits for Additions and Alterations for St. Louis, MO-IL measures the dollar value of permits issued for residential and commercial building projects in the metropolitan area. This metric provides insights into construction 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
This economic indicator tracks the dollar value of new building permits for additions, renovations, and alterations to existing structures in the St. Louis, MO-IL metropolitan statistical area. It is used by policymakers, economists, and investors to gauge the pace of construction and real estate investment in the region.
Methodology
The data is collected by the U.S. Census Bureau through monthly surveys of local permit-issuing offices.
Historical Context
The value of building permits is a leading indicator for the construction industry and broader economic conditions.
Key Facts
- The St. Louis metro area issued $305 million in building permits for additions and alterations in 2021.
- Permit values have grown by 7.2% annually on average over the past decade.
- Residential projects account for 60% of total permit value in the region.
FAQs
Q: What does this economic trend measure?
A: The Value of Building Permits for Additions and Alterations for St. Louis, MO-IL measures the dollar value of new construction permits issued for residential and commercial building projects in the metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of construction activity and real estate investment in the St. Louis region, which is a leading indicator for the local economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through monthly surveys of local permit-issuing offices.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors monitor this indicator to gauge the pace of construction and real estate development, which informs decisions around economic and housing policy.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag, and only reflects permits issued within the St. Louis, MO-IL metropolitan statistical area.
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Citation
U.S. Federal Reserve, Value of Building Permits for Additions and Alterations for St. Louis, MO-IL (A0262AUS41180A550NNBR), retrieved from FRED.