New Privately-Owned Housing Units Completed: Units in Buildings with 2-4 Units
This dataset tracks new privately-owned housing units completed: units in buildings with 2-4 units over time.
Latest Value
23.00
Year-over-Year Change
15.00%
Date Range
1/1/1968 - 6/1/2025
Summary
This economic trend measures the number of new privately-owned housing units completed in multi-unit buildings with 2-4 units. It provides insights into residential construction activity 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 Units Completed: Units in Buildings with 2-4 Units' series tracks the construction of new multi-family housing units as an indicator of overall housing market conditions. It is an important metric used by economists and policymakers to analyze trends in residential investment and the availability of affordable housing.
Methodology
The data is collected by the U.S. Census Bureau through surveys of homebuilders and residential construction firms.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to assess the health of the housing market and broader economy.
Key Facts
- This series has been tracked since 1959.
- Completed units in 2-4 unit buildings account for around 5% of total new housing construction.
- Multi-family housing construction is an important indicator of affordable housing supply.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new privately-owned housing units that have been completed in multi-unit buildings with 2-4 units.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into residential construction activity and the availability of affordable multi-family housing, which are important factors for economists, policymakers, and real estate market participants.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of homebuilders and residential construction firms.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to assess the health of the housing market and broader economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, New Privately-Owned Housing Units Completed: Units in Buildings with 2-4 Units (COMPU24USA), retrieved from FRED.