New Privately-Owned Housing Units Completed: Single-Family Units in the Midwest Census Region
COMPUMW1USA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.00
Year-over-Year Change
-20.38%
Date Range
1/1/1985 - 6/1/2025
Summary
This economic trend measures the number of new single-family homes completed in the Midwest region of the United States. It provides insight into residential construction activity and housing market conditions.
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: Single-Family Units in the Midwest Census Region statistic tracks the construction of new single-family homes in the Midwest, one of the four major Census regions. This metric is a key indicator of the health and dynamics of the regional housing market.
Methodology
The data is collected through surveys of residential construction companies and builders.
Historical Context
Policymakers and analysts use this regional housing metric to assess economic conditions and make informed decisions.
Key Facts
- The Midwest region includes 12 states, including Illinois, Ohio, and Michigan.
- Single-family homes account for the majority of new residential construction.
- This metric is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new single-family homes completed in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into regional housing market conditions and residential construction activity, which are important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction companies and builders.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this regional housing metric to assess economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: This metric is released monthly by the U.S. Census Bureau, with some potential for slight delays in data availability.
Related Trends
Expenditures: Other Vehicle Expenses by Region: Residence in the Midwest Census Region
CXUVEHOTHXPLB1103M
Employment Cost Index: Total compensation for Private industry workers in the Midwest Census Region
CIU2010000000230I
New Privately Owned Housing Starts by Purpose of Construction, Built for Rent Two or More Units in the Midwest Census Region
HOUSTPFR2UMMWQ
Consumer Unit Characteristics: Percent Homeowner by Region: Residence in the Midwest Census Region
CXUHOMEOWNLB1103M
Expenditures: Owned Dwellings by Region: Residence in the Midwest Census Region
CXUOWNDWELLLB1103M
Business Formations Within Eight Quarters: Total for All NAICS in Midwest Census Region
BFBF8QTOTALNSAMW
Citation
U.S. Federal Reserve, New Privately-Owned Housing Units Completed: Single-Family Units in the Midwest Census Region (COMPUMW1USA), retrieved from FRED.