New Privately Owned Housing Completions in the United States, Total One-Family Units
This dataset tracks new privately owned housing completions in the united states, total one-family units over time.
Latest Value
231.00
Year-over-Year Change
-0.43%
Date Range
1/1/1987 - 1/1/2025
Summary
The 'New Privately Owned Housing Completions in the United States, Total One-Family Units' metric tracks the number of new single-family homes completed each quarter. This is a key indicator of residential construction activity and housing market health.
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 total number of new single-family homes that are finished and ready for occupancy each quarter in the United States. It provides important insights into the pace of residential construction and can signal changes in housing supply, demand, and overall economic conditions.
Methodology
The data is collected through surveys of homebuilders and construction firms by the U.S. Census Bureau.
Historical Context
Housing completions data is closely monitored by policymakers, economists, and real estate analysts to assess the state of the housing market and broader economic landscape.
Key Facts
- Peaked at over 1.8 million units per quarter in 2005.
- Declined sharply during the 2008 financial crisis.
- Has gradually recovered since the late 2000s.
FAQs
Q: What does this economic trend measure?
A: The 'New Privately Owned Housing Completions in the United States, Total One-Family Units' metric tracks the total number of newly constructed single-family homes that are finished and ready for occupancy each quarter.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the pace of residential construction activity, signaling changes in housing supply, demand, and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and construction firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Housing completions data is closely monitored by policymakers, economists, and real estate analysts to assess the state of the housing market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions in the United States, Total One-Family Units (COMP1FQ), retrieved from FRED.