Revolving Consumer Credit Securitized by Finance Companies, Flow
Millions of Dollars, Annual Rate
DTCNLRHFXDFBANA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1997 - 5/1/2025
Summary
This economic trend measures the total dollar value of new privately-owned housing units authorized by building permits, reported at an annualized rate. It serves as an important leading indicator of housing market activity 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
The 'Millions of Dollars, Annual Rate' trend tracks the dollar value of new residential construction projects authorized by building permits, providing insights into the health and direction of the housing market. Economists and policymakers monitor this data to assess current and future economic performance.
Methodology
The U.S. Census Bureau collects this data monthly through surveys of local permit-issuing offices.
Historical Context
Trends in new housing permits are closely watched by the Federal Reserve, construction industry, and financial markets as a gauge of consumer demand and economic growth.
Key Facts
- This series dates back to 1960.
- It measures the dollar value, not just the number, of new housing units authorized.
- The data is reported at an annualized rate to account for monthly volatility.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total dollar value of new privately-owned housing units authorized by building permits, reported at an annualized rate.
Q: Why is this trend relevant for users or analysts?
A: Trends in new housing permits are an important leading indicator of housing market activity and broader economic conditions, providing insights that are closely watched by economists, policymakers, and financial markets.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data monthly through surveys of local permit-issuing offices.
Q: How is this trend used in economic policy?
A: The Federal Reserve, construction industry, and financial markets monitor this data as a gauge of consumer demand and economic growth, using it to inform policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Millions of Dollars, Annual Rate (DTCNLRHFXDFBANA), retrieved from FRED.