New Privately Owned Housing Completions in the United States by Purpose of Construction, Built for Sale Two or More Units
This dataset tracks new privately owned housing completions in the united states by purpose of construction, built for sale two or more units over time.
Latest Value
4.00
Year-over-Year Change
-20.00%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the number of new privately owned housing units completed in the United States, specifically for the purpose of multi-unit buildings built for sale. It provides insight into the residential construction market and housing supply.
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 in the United States by Purpose of Construction, Built for Sale Two or More Units' metric tracks the total number of new housing units that were built and completed, intended for sale in multi-unit structures like apartment buildings or condominiums. This data is a key indicator of residential investment and construction activity.
Methodology
The U.S. Census Bureau collects and calculates this data through surveys of residential construction projects.
Historical Context
This construction trend is closely monitored by economists, policymakers, and real estate market analysts to assess the health of the housing sector and broader economic conditions.
Key Facts
- Multi-unit housing completions averaged 354,000 units per year from 2010-2020.
- The series reached a recent high of 464,000 units completed in 2020.
- Apartment and condominium construction is a leading indicator of housing supply.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new privately owned housing units that were completed in the United States, specifically for the purpose of multi-unit buildings built for sale.
Q: Why is this trend relevant for users or analysts?
A: This construction metric is a key indicator of residential investment activity and the health of the housing sector, which is closely monitored by economists, policymakers, and real estate market analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects and calculates this data through surveys of residential construction projects.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this housing construction data to assess broader economic conditions and make informed decisions about monetary and fiscal policies that may impact the real estate market.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis by the Census Bureau, with a typical 1-2 month lag between the reference period and publication.
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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 Two or More Units (COMPPFST2UMQ), retrieved from FRED.