High-Propensity Business Applications for Illinois
Percent Change from Year Ago
HBUSAPPWNSAILYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year percentage change in U.S. housing starts, providing insights into the health of the residential construction sector.
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 measures the annual percent change in the number of new residential construction projects that have begun. It is a key barometer of activity and sentiment in the housing market, which is a crucial driver of broader economic growth.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on monthly surveys of residential construction activity.
Historical Context
Policymakers and analysts closely monitor this metric to assess the strength of the housing market and make informed decisions.
Key Facts
- Housing starts are a leading indicator of economic activity.
- The percent change from a year ago highlights the rate of change in construction.
- Rapid growth in housing starts can signal increased consumer confidence and demand.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual percentage change in the number of new residential construction projects that have begun in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the health and momentum of the housing market, which is a key driver of broader economic growth. It helps policymakers and analysts assess current conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on monthly surveys of residential construction activity.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this metric to gauge the strength of the housing sector and its impact on the overall economy. It informs decisions related to monetary policy, housing initiatives, and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short delay, providing timely insights into the housing market. However, the metric may be subject to revisions and can be influenced by seasonal factors and other economic conditions.
Related Trends
Business Applications with Planned Wages for Illinois
WBUSAPPWNSAIL
All Employees: Transportation and Utilities: Transit and Ground Passenger Transportation in Illinois
SMU17000004348500001SA
Estimated Percent of Related Children Age 5-17 in Families in Poverty for Illinois
PP5T17IL17000A156NCEN
Real Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Illinois
ILAPPLEATHMANRGSP
Real Gross Domestic Product: Management of Companies and Enterprises (55) in Illinois
ILMNGCOENTPRRGSP
Chain-Type Quantity Index for Real GDP: All Industry Total in Illinois
ILQQGSP
Citation
U.S. Federal Reserve, Percent Change from Year Ago (HBUSAPPWNSAILYY), retrieved from FRED.