New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Arizona
AZBP1FHSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,843.44
Year-over-Year Change
-11.44%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Arizona' series tracks the monthly number of building permits issued for new single-family homes in the state of Arizona. This metric is a leading indicator of residential construction activity and housing market 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
This economic indicator provides insights into the demand for new housing in Arizona. It represents the number of permits authorized for the construction of privately-owned, single-unit residential structures, which are a key component of the housing market and broader economic growth.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
This trend is closely monitored by economists, policymakers, and real estate analysts to assess the health of the Arizona housing market and broader economic conditions.
Key Facts
- Arizona home building permits peaked in 2005 before declining during the Great Recession.
- Permit authorizations typically lead new home construction by 4-6 months.
- Building permits are a leading indicator of future residential investment and economic growth.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly number of building permits issued for new private, single-family housing units in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: As a leading indicator, this metric provides insights into the strength of Arizona's housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the health of the housing sector and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag from the reference period.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Arizona (AZBP1FHSA), retrieved from FRED.