New Privately Owned Housing Completions in the United States by Purpose of Construction, Built for Sale Total One-Family Units
This dataset tracks new privately owned housing completions in the united states by purpose of construction, built for sale total one-family units over time.
Latest Value
170.00
Year-over-Year Change
-2.86%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the number of new single-family homes built for sale that were completed in the United States. It provides insight into housing supply and construction activity, key indicators of economic growth.
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' statistic tracks the construction of new single-family homes intended for sale. It serves as an important barometer of the housing market and broader economic conditions.
Methodology
The data is collected through surveys of U.S. housing construction companies.
Historical Context
Policymakers and analysts monitor this trend to gauge the health of the residential real estate sector.
Key Facts
- New home construction in the U.S. increased 15.3% year-over-year in 2022.
- The median price of a new single-family home in the U.S. was $450,600 in 2022.
- Housing completions account for approximately 4% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new single-family homes built for sale that were completed in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into housing supply and construction activity, which are key indicators of economic growth and the health of the residential real estate sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. housing construction companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the health of the residential real estate sector and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay and may be subject to revisions.
Related News
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Job Growth Slowdown Affects Unemployment Rate
The Impact of Weak Job Growth on the US Unemployment Rate The unemployment rate has always been a vital gauge to understand the United States' economic health. Recent times have brought this indicator into sharper focus, especially as weak job growth continues to challenge the nation’s economy. The pressures of a sluggish labor market may lead to more significant economic consequences, impacting not just the workforce but the broader fiscal landscape. Weak job growth, leading to an increased un
U.S. Housing Market Faces Threats Beyond Fed's Impact On Mortgage Rates
Unfocused Interest Rates and the Real Threats in the Housing Market The fluctuations in the 30 year mortgage rates have long been a focal concern for the US housing market, but they may not be the most significant threat. As we delve deeper, it becomes apparent that the real dangers are lurking beyond these superficial numbers. With the current interest rates climate being only one piece of the complex puzzle that defines the housing landscape, stakeholders must widen their perspective. There's
Falling Mortgage Rates: Expert Advice for U.S. Homebuyers and Sellers
Expert Tips for Homebuyers and Sellers as Mortgage Rates Drop Mortgage rates are making headlines as they continue to decline, promising significant impacts on both homebuyers and sellers. These shifts in the real estate landscape invite a closer look at how adjustments in economic indicators, such as the federal funds rate and the 10-year treasury yield chart, are playing a part in this development. The U.S. housing market is reacting in intriguing ways, offering potential advantages for those
Unpredictability of Interest Rate Direction in the United States
Navigating the Unpredictability of Interest Rates Interest rates have turned into one of the most unpredictable elements in the American financial landscape. This unpredictability stems largely from the nuanced decisions of the Federal Reserve, often referred to as the Fed, whose policies ripple through financial markets, influencing borrowing costs for everyone from ambitious entrepreneurs to families securing mortgages. The web of economic indicators, which serves as the backbone for interest
US Housing Giant Hopes Fed Policies Boost Sagging Profits
Revitalizing S&P 500 Housing with Federal Reserve Policies The primary keyword, "Treasury Yield," has become an increasingly critical focus within the realm of the S&P 500 housing market. Current fluctuations in bond rates, particularly the 10-year bond rate, are causing waves in the already volatile US housing market. This situation is marked by a profit decline experienced by major housing giants, as economic uncertainty steers investor confidence. The Federal Reserve's policies and interest
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, New Privately Owned Housing Completions in the United States by Purpose of Construction, Built for Sale Total One-Family Units (COMPPFST1FQ), retrieved from FRED.