Private Nonfarm Residential Buildings for United States
A0279AUSA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,752.00
Year-over-Year Change
660.32%
Date Range
1/1/1915 - 1/1/1946
Summary
This economic indicator tracks the value of private, nonresidential construction projects in the United States. It serves as an important gauge of investment and 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 Residential Buildings indicator measures the dollar value of new construction of private, nonresidential buildings in the U.S. It is a key metric used by economists and policymakers to assess trends in business investment and overall economic conditions.
Methodology
The data is collected through surveys of construction firms and builders.
Historical Context
This indicator is closely watched by the Federal Reserve and other institutions to evaluate the health of the construction sector and broader economy.
Key Facts
- The series dates back to 1959.
- It reached a record high of $798 billion in 2006.
- Construction activity declined sharply during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the dollar value of new construction projects for private, nonresidential buildings in the United States.
Q: Why is this trend relevant for users or analysts?
A: It serves as an important gauge of business investment and overall economic conditions, making it closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and builders.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this indicator to evaluate the health of the construction sector and broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into construction activity.
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Citation
U.S. Federal Reserve, Private Nonfarm Residential Buildings for United States (A0279AUSA398NNBR), retrieved from FRED.