New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the Midwest Census Region
CMWRBP1FHSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,213.93
Year-over-Year Change
6.38%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the Midwest Census Region' tracks the number of new single-family housing permits issued in the Midwest region. 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 series measures the number of permits issued for new privately-owned single-family housing units in the Midwest region of the United States. It serves as an important leading indicator for the residential construction industry and broader housing market conditions.
Methodology
The data is collected through a monthly survey of local building permit offices by the U.S. Census Bureau.
Historical Context
Economists and policymakers closely monitor this series to assess the health of the housing sector and inform decisions around monetary and fiscal policies.
Key Facts
- The Midwest region accounts for 20% of U.S. new single-family home permits.
- Permit issuance tends to lead housing starts by 1-2 months.
- Housing permits are a key input for GDP and employment forecasts.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of new privately-owned single-family housing units authorized by building permits in the Midwest Census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important leading indicator for residential construction activity and the broader health of the housing market in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of local building permit offices by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this series to assess the strength of the housing sector and inform decisions around monetary and fiscal policies.
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.
Related Trends
New Privately Owned Housing Starts by Number of Units in Building, 10 to 19 Units in the Midwest Census Region
HOUSTDTD1019UMMWQ
Expenditures: Apparel and Services by Region: Residence in the Midwest Census Region
CXUAPPARELLB1103M
High-Propensity Business Applications for Midwest Census Region
HBUSAPPWNSAMW
Housing Inventory Estimate: Total Housing Units in the Midwest Census Region
ETOTALMWQ176N
New Privately Owned Housing Completions by Number of Units in Building, 20 or more Units in the Midwest Census Region
COMPDTA20UMMWQ
Expenditures: Other Household Expenses by Region: Residence in the Midwest Census Region
CXUHHOTHXPNLB1103M
Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the Midwest Census Region (CMWRBP1FHSA), retrieved from FRED.