Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Czechia
Annual
CZEPERMITAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.54
Year-over-Year Change
30.14%
Date Range
1/1/1999 - 1/1/2023
Summary
The Annual series measures the number of new private housing units authorized by building permits in the United States. This metric is a leading indicator of future construction activity and provides valuable insights into the health of the housing market.
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 Annual series tracks the total number of new private housing units that have received building permits, which is a key indicator of future residential construction. This data is widely used by economists, policymakers, and market analysts to assess current and projected trends in the housing sector.
Methodology
The data is collected by the U.S. Census Bureau through monthly surveys of local building permit offices.
Historical Context
Permit data is closely monitored for its implications on employment, consumer spending, and overall economic growth.
Key Facts
- Building permits are a leading indicator of future housing construction.
- Permit data helps forecast employment and economic activity in the construction sector.
- Residential construction is a key driver of overall economic growth in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the total number of new private housing units that have received building permits in the United States.
Q: Why is this trend relevant for users or analysts?
A: Permit data is a leading indicator of future residential construction activity, providing valuable insights into the health of the housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through monthly surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: Permit data is closely monitored by policymakers, economists, and market analysts to assess current and projected trends in the housing sector, which has significant implications for employment, consumer spending, and overall economic growth.
Q: Are there update delays or limitations?
A: The Annual series is updated monthly with a lag, and the data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (CZEPERMITAISMEI), retrieved from FRED.