New Privately Owned Housing Completions by Purpose of Construction, Built for Rent Two or More Units in the Midwest Census Region
COMPPFR2UMMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
75.00%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'New Privately Owned Housing Completions by Purpose of Construction, Built for Rent Two or More Units in the Midwest Census Region' measures the number of new multi-family rental housing units completed in the Midwest U.S. region. This metric is a key indicator of construction activity and residential investment.
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 represents the total number of newly constructed rental housing units in the Midwest region that are intended for occupancy by two or more unrelated households. It is an important bellwether for the health of the regional housing market and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of residential construction activity.
Historical Context
This metric helps inform policymakers, real estate analysts, and economists about trends in regional housing supply and demand.
Key Facts
- New rental housing completions in the Midwest peaked in 2022 at over 20,000 units.
- Rental housing construction has accounted for over 50% of total new home builds in the Midwest in recent years.
- The Midwest region represents about 20% of total U.S. rental housing construction activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of newly constructed rental housing units intended for occupancy by two or more unrelated households in the Midwest U.S. region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into residential investment, housing supply, and regional economic conditions in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of residential construction activity.
Q: How is this trend used in economic policy?
A: Policymakers, real estate analysts, and economists use this indicator to assess regional housing market dynamics and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions over time.
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New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Midwest Census Region
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions by Purpose of Construction, Built for Rent Two or More Units in the Midwest Census Region (COMPPFR2UMMWQ), retrieved from FRED.