New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Total Two or More Units in the Northeast Census Region
COMPPFST2UMNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-33.33%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator tracks the number of new privately owned multi-unit housing completions in the Northeastern United States, providing insight into regional construction activity and residential real estate 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
The New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Total Two or More Units in the Northeast Census Region is a key indicator of residential construction and development in the Northeastern U.S. It measures the volume of new multi-unit housing projects completed and intended for sale, offering valuable data for analyzing regional real estate markets.
Methodology
The data is collected by the U.S. Census Bureau through surveys of residential construction firms.
Historical Context
This housing completions metric is closely watched by economists, policymakers, and real estate analysts to assess the health of the regional housing market and broader economic conditions.
Key Facts
- The Northeast region accounts for approximately 20% of U.S. new housing completions.
- Multi-unit housing projects make up over 60% of new residential construction in the Northeast.
- Housing completions data is a leading economic indicator, reflecting future housing supply and demand.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new privately owned multi-unit housing projects completed and intended for sale in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This housing completions data provides valuable insights into the state of the regional real estate market, residential construction activity, and broader economic conditions in the Northeast.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of residential construction firms.
Q: How is this trend used in economic policy?
A: This housing completions metric is closely monitored by economists, policymakers, and real estate analysts to assess the health of the regional housing market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions based on additional reporting from construction firms.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Total Two or More Units in the Northeast Census Region (COMPPFST2UMNEQ), retrieved from FRED.