New Privately-Owned Housing Units Completed: Total Units
This dataset tracks new privately-owned housing units completed: total units over time.
Latest Value
1314.00
Year-over-Year Change
-24.09%
Date Range
1/1/1968 - 6/1/2025
Summary
The 'New Privately-Owned Housing Units Completed: Total Units' metric tracks the number of new single-family and multi-family housing units completed in the United States. This key real estate indicator provides insight into the health of the construction industry and broader economic 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
This monthly data series from the U.S. Census Bureau measures the total number of new privately-owned housing units that have been fully constructed and are ready for occupancy. It is an important leading indicator for the housing market and construction sector.
Methodology
The data is collected through surveys of residential construction and housing permit issuance.
Historical Context
Policymakers and analysts monitor this metric to assess economic growth, consumer demand, and the state of the housing industry.
Key Facts
- Housing completions reached a peak of over 2 million units in 2005.
- New home construction slowed dramatically during the 2008 financial crisis.
- Housing starts and completions are leading indicators of economic activity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of newly constructed single-family and multi-family housing units that have been completed and are ready for occupancy.
Q: Why is this trend relevant for users or analysts?
A: New housing completions are a key indicator of the health of the construction industry and broader economic conditions, as increased residential building activity signals growth in consumer demand and investment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction projects and building permit issuance by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the strength of the housing market, consumer confidence, and the overall pace of economic activity, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Census Bureau, New Privately-Owned Housing Units Completed: Total Units (COMPUTSA), retrieved from FRED.