New Privately Owned Housing Completions in the United States, Total Two or More Units
This dataset tracks new privately owned housing completions in the united states, total two or more units over time.
Latest Value
123.00
Year-over-Year Change
86.36%
Date Range
1/1/1987 - 1/1/2025
Summary
The 'New Privately Owned Housing Completions in the United States, Total Two or More Units' metric tracks the number of multi-unit housing projects completed nationwide. This data point is a key indicator of real estate development and construction 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
This economic trend measures the number of newly built multi-family housing units, such as apartment buildings and condominiums, that have been finished and deemed ready for occupancy across the United States. It provides insight into the pace of residential construction and investment.
Methodology
The data is collected through surveys of residential construction firms by the U.S. Census Bureau.
Historical Context
This metric is closely watched by economists, policymakers, and real estate analysts to gauge the health of the housing market and broader economic conditions.
Key Facts
- Multi-unit housing completions peaked in Q1 2022 at 491,000 units.
- The series has shown steady growth since the 2008 financial crisis.
- Completions of two-or-more-unit structures account for over 30% of total new housing.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of newly constructed multi-family housing units, such as apartment buildings and condominiums, that have been completed and are ready for occupancy across the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the pace of residential construction and investment, which is a key indicator of real estate market conditions and broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, policymakers, and real estate analysts to gauge the health of the housing market and make informed decisions about economic and policy interventions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay, so it may not reflect the most recent construction activity.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions in the United States, Total Two or More Units (COMP2UMQ), retrieved from FRED.