New Private Housing Units Authorized by Building Permits for Arkansas
ARBPPRIVSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,228.83
Year-over-Year Change
17.02%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits for Arkansas' trend measures the number of new private residential housing units authorized for construction in the state of Arkansas. This metric is a key indicator of future residential 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 series tracks the total number of building permits issued each month for new privately-owned housing units in Arkansas. It provides insight into the level of residential investment and anticipated construction activity in the state's housing market.
Methodology
The data is collected by the U.S. Census Bureau through a monthly survey of local building permit offices.
Historical Context
Policymakers and analysts use this metric to gauge the strength of the Arkansas housing sector and make informed decisions.
Key Facts
- Arkansas ranked 29th among U.S. states for new housing permits in 2021.
- Building permits in Arkansas rose 20% year-over-year in 2021.
- Single-family homes accounted for 75% of new permits in Arkansas in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private residential housing units authorized for construction in the state of Arkansas through building permits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the Arkansas housing market and expected future residential construction activity, which is a key indicator of economic growth.
Q: How is this data collected or calculated?
A: The data is collected monthly by the U.S. Census Bureau through surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of the Arkansas housing sector and make informed decisions about economic and housing policy.
Q: Are there update delays or limitations?
A: The data is released with a 1-2 month lag and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for Arkansas (ARBPPRIVSA), retrieved from FRED.