New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Midwest Census Region
COMPPFS1FMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
-11.11%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator tracks the number of new single-family homes completed for sale in the Midwest region of the United States. It provides insight into the strength of the housing market and consumer demand.
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 by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Midwest Census Region' metric measures the total number of new single-family homes that were built and completed for sale in the Midwest. This data point is used by economists and policymakers to assess the health of the housing sector.
Methodology
This data is collected by the U.S. Census Bureau through surveys of home builders.
Historical Context
The housing market is a key driver of economic activity, so this metric is closely monitored by the Federal Reserve and other institutions.
Key Facts
- New home completions in the Midwest region topped 100,000 units in 2022.
- Single-family homes make up the majority of new housing completions in the Midwest.
- Housing completions data is a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new single-family homes that were completed for sale in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: The housing market is a key driver of economic activity, so this metric provides important insights into consumer demand and the strength of the Midwest economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of home builders.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this housing completions data to assess economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month lag in the release of new housing completions data.
Related Trends
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Other Financial Information: Other Money Receipts by Region: Residence in the Midwest Census Region
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Employment Cost Index: Total compensation for Private industry workers in the Midwest Census Region
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New Houses Sold by Sales Price Between $400,000 and $499,999 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 Sale Fee Simple One-Family Units in the Midwest Census Region (COMPPFS1FMWQ), retrieved from FRED.