New Privately Owned Housing Completions in the United States by Number of Units in Building, 20 or More Units
This dataset tracks new privately owned housing completions in the united states by number of units in building, 20 or more units over time.
Latest Value
109.00
Year-over-Year Change
94.64%
Date Range
1/1/1987 - 1/1/2025
Summary
The 'New Privately Owned Housing Completions in the United States by Number of Units in Building, 20 or More Units' metric tracks the number of newly constructed apartment and condominium units with 20 or more units per building. This is an important economic indicator for housing supply 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 series represents the volume of new multi-family housing units completed in the U.S. each quarter. It is a key statistic for analyzing trends in the real estate and construction sectors, as well as informing policy decisions related to housing affordability and urban development.
Methodology
The data is collected and reported by the U.S. Census Bureau based on surveys of construction activity.
Historical Context
Economists and policymakers monitor this metric to gauge the health of the housing market and assess the adequacy of housing supply, especially in high-density urban areas.
Key Facts
- The series reached an all-time high of 191,000 units in Q4 2021.
- New multi-family completions have been rising steadily since the Great Recession.
- High-density housing construction is concentrated in urban areas like New York, Los Angeles, and Chicago.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of newly completed apartment and condominium units with 20 or more units per building in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of housing supply and construction activity, which informs economic and policy decisions related to the real estate market.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on surveys of construction activity.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to gauge the health of the housing market and assess the adequacy of housing supply, especially in high-density urban areas.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Census Bureau, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions in the United States by Number of Units in Building, 20 or More Units (COMPDTA20UMQ), retrieved from FRED.