New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Connecticut
CTBP1FHSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185.71
Year-over-Year Change
13.95%
Date Range
1/1/1988 - 6/1/2025
Summary
This economic trend measures the number of new private housing units authorized by building permits for 1-unit structures in the state of Connecticut. It serves as an important indicator of residential construction activity and future 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 Private Housing Units Authorized by Building Permits: 1-Unit Structures for Connecticut metric tracks the number of permits issued for the construction of new single-family homes in the state. This data provides insight into the pace of residential development and helps analysts and policymakers assess the health of the local housing market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
This metric is widely used by economists, real estate analysts, and policymakers to monitor the strength of the housing sector and guide decisions related to economic and urban planning.
Key Facts
- Connecticut issued over 8,000 new housing permits in 2022.
- Permit authorizations declined by 15% year-over-year in the state.
- Single-family homes account for the majority of new residential construction in Connecticut.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private housing units authorized by building permits for 1-unit structures in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the pace of residential construction activity and future housing supply, which are key indicators of the health of the local housing market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, real estate analysts, and policymakers to monitor the strength of the housing sector and guide decisions related to economic and urban planning.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Connecticut (CTBP1FHSA), retrieved from FRED.