New Privately Owned Housing Completions in the United States by Purpose of Construction, Contractor-Built One-Family Units
This dataset tracks new privately owned housing completions in the united states by purpose of construction, contractor-built one-family units over time.
Latest Value
28.00
Year-over-Year Change
-3.45%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the number of new privately owned, contractor-built one-family housing units completed in the United States. It is a key indicator of residential construction activity and overall economic 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
The New Privately Owned Housing Completions series tracks the completion of new single-family homes built by contractors. This data provides insight into the pace of residential construction and consumer demand for new housing.
Methodology
The data is collected through a monthly survey of residential construction activity across the U.S.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the state of the housing sector and broader economy.
Key Facts
- New housing completions peaked in 2005 before declining during the Great Recession.
- Contractor-built one-family homes account for the majority of new residential construction in the U.S.
- Housing completions are a leading indicator of economic growth and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new privately owned, contractor-built single-family housing units that are completed in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insight into the pace of residential construction activity and consumer demand for new housing, which are key indicators of economic health.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of residential construction activity across the United States.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts closely monitor this trend to assess the state of the housing sector and broader economy, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a short lag time before being publicly reported.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions in the United States by Purpose of Construction, Contractor-Built One-Family Units (COMPCB1FQ), retrieved from FRED.