New Privately-Owned Housing Units Completed: Total Units in the Midwest Census Region
COMPUMWTSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199.00
Year-over-Year Change
-38.58%
Date Range
1/1/1979 - 6/1/2025
Summary
The 'New Privately-Owned Housing Units Completed: Total Units in the Midwest Census Region' trend measures the total number of new housing units completed in the Midwest region of the United States. This metric is closely watched by economists and policymakers as an indicator of regional housing market activity and 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
This series tracks the total number of new privately-owned housing units that have been completed in the Midwest region, which includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. It provides timely data on the pace of residential construction and real estate development in the Midwest.
Methodology
The data is collected and published monthly by the U.S. Census Bureau.
Historical Context
This housing completions trend is used by analysts to assess regional economic conditions and the state of the Midwest housing market.
Key Facts
- The Midwest accounts for about 20% of total U.S. housing completions.
- Housing completions in the Midwest reached a post-recession high in 2021.
- Regional housing trends can vary significantly from national averages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new privately-owned housing units that have been completed in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This housing completions data provides valuable insights into the pace of residential construction and real estate activity in the Midwest, which is an important indicator of regional economic growth and market conditions.
Q: How is this data collected or calculated?
A: The data is collected and published monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This housing completions trend is closely monitored by economists, analysts, and policymakers to assess regional economic conditions and the state of the Midwest housing market.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, New Privately-Owned Housing Units Completed: Total Units in the Midwest Census Region (COMPUMWTSA), retrieved from FRED.