New Private Housing Units Authorized by Building Permits for Delaware
DEBPPRIVSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
550.69
Year-over-Year Change
5.40%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits for Delaware' trend measures the number of new private residential construction projects approved in the state of Delaware. This data point is a leading indicator of future housing and economic activity.
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 economic indicator tracks the issuance of building permits for new private housing units in Delaware. It provides insight into the strength of the state's residential construction sector and overall real estate market conditions.
Methodology
The data is collected by the U.S. Census Bureau through a monthly survey of local building permit offices.
Historical Context
Policymakers and analysts use this trend to assess the health of Delaware's housing market and forecast future economic growth.
Key Facts
- Delaware issued over 7,000 new private housing permits in 2021.
- Building permits declined by 15% in Delaware from 2020 to 2021.
- Residential construction accounts for approximately 4% of Delaware's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private housing units authorized by building permits in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The number of new building permits is a leading indicator of future housing construction activity and overall economic growth in Delaware.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of local building permit offices by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the strength of Delaware's housing market and forecast future economic conditions in the state.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as additional information becomes available.
Related Trends
Personal Consumption Expenditures: Total for Delaware
DEPCE
Gross Domestic Product: Construction (23) in Delaware
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Real Gross Domestic Product: Warehousing and Storage (493) in Delaware
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Wholesale Trade Wages and Salaries in Delaware
DEWWHO
Business Applications with Planned Wages: Total for All NAICS in Delaware
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Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Delaware
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for Delaware (DEBPPRIVSA), retrieved from FRED.