New Privately Owned Housing Completions in the United States by Number of Units in Building, 5 to 9 Units
This dataset tracks new privately owned housing completions in the united states by number of units in building, 5 to 9 units over time.
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/1987 - 1/1/2025
Summary
This economic indicator tracks the number of new privately owned housing units completed in buildings with 5 to 9 units in the United States. It provides insights into the health and activity of the residential construction sector.
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 in the United States by Number of Units in Building, 5 to 9 Units indicator is a key metric used by economists and policymakers to assess the pace of multi-unit housing development. It offers a granular view of construction activity within the broader residential real estate market.
Methodology
The data is collected through surveys of homebuilders and developers by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by real estate analysts, investors, and government agencies to gauge housing supply and inform policy decisions.
Key Facts
- Monthly data available since 1968.
- Peaked at over 36,000 units in early 2006.
- Fell below 10,000 units during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new privately owned housing units completed in buildings with 5 to 9 units in the United States.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the health and activity of the residential construction sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by real estate analysts, investors, and government agencies to gauge housing supply and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly 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, 5 to 9 Units (COMPOB59UMQ), retrieved from FRED.