New Privately Owned Housing Completions in the United States by Purpose of Construction, Built for Sale Fee Simple One-Family Units
This dataset tracks new privately owned housing completions in the united states by purpose of construction, built for sale fee simple one-family units over time.
Latest Value
163.00
Year-over-Year Change
-1.81%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the number of new single-family homes completed and sold on a fee simple basis in the United States. It provides key insights into the health of the housing market 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
The New Privately Owned Housing Completions metric tracks the construction and sale of new single-family homes that are built for the purpose of being sold. This is a leading indicator used by economists and policymakers to assess the state of the residential real estate sector.
Methodology
The data is collected through surveys of residential construction and real estate activity.
Historical Context
This metric is closely monitored by the Federal Reserve, government agencies, and market analysts to gauge consumer demand and guide economic policy decisions.
Key Facts
- New single-family home completions represent about 70% of total new residential construction.
- Home sales and construction are leading indicators of broader economic activity.
- Completions data is published monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new single-family homes that are completed and sold on a fee simple basis in the United States.
Q: Why is this trend relevant for users or analysts?
A: New home completions are a key leading indicator of housing market activity and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction and real estate activity.
Q: How is this trend used in economic policy?
A: The Federal Reserve, government agencies, and market analysts closely monitor this metric to gauge consumer demand and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau with minimal update delays.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions in the United States by Purpose of Construction, Built for Sale Fee Simple One-Family Units (COMPPFS1FQ), retrieved from FRED.