New Privately Owned Housing Completions in the United States by Purpose of Construction, Built for Rent Two or More Units
This dataset tracks new privately owned housing completions in the united states by purpose of construction, built for rent two or more units over time.
Latest Value
118.00
Year-over-Year Change
93.44%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'New Privately Owned Housing Completions in the United States by Purpose of Construction, Built for Rent Two or More Units' series tracks the number of new multi-family rental housing units completed each month. This key metric provides insight into residential construction activity and investment trends.
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 indicator measures the volume of new multi-family rental housing units completed in the United States. It is an important signal of construction industry health, real estate investment, and housing supply for the rental market.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau through surveys of residential construction activity.
Historical Context
Economists and policymakers monitor this trend to assess the state of the housing market and broader economic conditions.
Key Facts
- Reached a high of 145,000 units in January 2022.
- Declined to 117,000 units as of August 2022.
- Volatile month-to-month due to project timelines
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new multi-family rental housing units completed each month in the United States.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into residential construction activity, real estate investment, and housing supply for the rental market.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Census Bureau through surveys of residential construction activity.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the state of the housing market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data can be volatile month-to-month due to the timing of construction project completions.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions in the United States by Purpose of Construction, Built for Rent Two or More Units (COMPPFR2UMQ), retrieved from FRED.