Gross Domestic Product: Construction (23) in Delaware
Quarterly, Seasonally Adjusted Annual Rate
DECONSTNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,075.30
Year-over-Year Change
24.21%
Date Range
1/1/2006 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (DECONSTNQGSP) measures the inflation-adjusted total value of new residential construction put in place each quarter, at an annualized rate. This key indicator provides insight into the health and activity of the U.S. 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
This seasonally adjusted economic series, published by the U.S. Census Bureau, tracks the dollar value of new residential construction projects, such as single-family homes, apartments, and other housing units. It is a widely monitored metric used by economists, policymakers, and market analysts to assess trends in the housing sector.
Methodology
The data is collected through surveys of construction and housing industry participants.
Historical Context
Policymakers and investors closely follow this metric to understand the state of the housing market and its broader implications for the overall economy.
Key Facts
- The series is reported in billions of chained 2012 dollars.
- Quarterly data is available from 1959 to the present.
- The series reached a record high of $726.4 billion in Q4 2005.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (DECONSTNQGSP) measures the total value of new residential construction projects put in place each quarter, adjusted for inflation and seasonality.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of housing market activity and a driver of broader economic growth, making it relevant for policymakers, investors, and economists monitoring the state of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction and housing industry participants by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers closely follow this metric to assess the health of the housing market and its implications for the broader economy, which can inform policy decisions and interventions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of several weeks after the end of the reference period.
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Citation
U.S. Census Bureau, Quarterly, Seasonally Adjusted Annual Rate (DECONSTNQGSP), retrieved from FRED.