New Privately Owned Housing Completions by Number of Units in Building, 20 or more Units in the Midwest Census Region
COMPDTA20UMMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
71.43%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the number of new privately owned housing units completed with 20 or more units in the Midwest Census Region. It provides insight into the residential construction and real estate market in the Midwest.
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 multi-unit residential buildings in the Midwest. This data point is closely watched by economists, policymakers, and real estate analysts to assess regional housing supply and construction activity.
Methodology
The U.S. Census Bureau collects this data through surveys of residential construction projects.
Historical Context
This metric informs housing and urban development policies, as well as investment decisions in the real estate sector.
Key Facts
- The Midwest Census Region includes 12 states in the central U.S.
- Completions of 20+ unit buildings account for a significant portion of new housing supply.
- This data series dates back to 1959.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new privately owned housing units completed with 20 or more units in the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the residential construction and real estate market in the Midwest, which is critical for economists, policymakers, and real estate investors.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of residential construction projects.
Q: How is this trend used in economic policy?
A: This metric informs housing and urban development policies, as well as investment decisions in the real estate sector.
Q: Are there update delays or limitations?
A: This data series is published monthly with a relatively short delay, providing timely information on regional construction activity.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions by Number of Units in Building, 20 or more Units in the Midwest Census Region (COMPDTA20UMMWQ), retrieved from FRED.