Hours: Overtime Hours: Manufacturing: Weekly for United States
Quarterly, Seasonally Adjusted
HOOVMN02USQ065S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.63
Year-over-Year Change
-4.39%
Date Range
1/1/1960 - 7/1/2023
Summary
The Quarterly, Seasonally Adjusted series measures the volume of real estate transactions in the United States on a quarterly basis, providing 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
This economic indicator tracks the number of home sales completed each quarter, adjusted for seasonal variations. It is a closely watched metric used by policymakers, real estate professionals, and analysts to gauge consumer demand and broader economic trends.
Methodology
The data is collected by the U.S. Census Bureau through surveys of residential property transactions.
Historical Context
Changes in home sales activity can inform monetary and fiscal policy decisions, as well as investment strategies in the real estate and construction sectors.
Key Facts
- The series covers the entire U.S. housing market, not just new home sales.
- Quarterly data is released approximately 6 weeks after the end of each quarter.
- The seasonally adjusted figures help account for predictable seasonal variations in home buying patterns.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the volume of real estate transactions in the United States on a quarterly basis, providing insights into the housing market.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a closely watched metric used by policymakers, real estate professionals, and analysts to gauge consumer demand and broader economic trends.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of residential property transactions.
Q: How is this trend used in economic policy?
A: Changes in home sales activity can inform monetary and fiscal policy decisions, as well as investment strategies in the real estate and construction sectors.
Q: Are there update delays or limitations?
A: Quarterly data is released approximately 6 weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (HOOVMN02USQ065S), retrieved from FRED.