New Privately Owned Housing Starts by Purpose of Construction, Contractor-Built One-Family Units in the Northeast Census Region
HOUSTCB1FNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-33.33%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator tracks the number of new privately owned single-family homes started by contractors in the Northeastern United States. It provides insight into residential construction activity and housing market trends in the region.
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 New Privately Owned Housing Starts by Purpose of Construction, Contractor-Built One-Family Units in the Northeast Census Region metric measures the volume of new single-family home construction projects initiated by private builders in the Northeast. It is a leading indicator of residential investment and reflects the overall health of the regional housing market.
Methodology
The data is collected through surveys of residential construction firms by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts closely monitor this indicator to gauge the strength of the Northeast housing sector and its implications for the broader economy.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Housing starts are a key leading indicator of overall economic activity.
- Contractor-built single-family homes account for the majority of new residential construction in the Northeast.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new privately owned single-family homes started by contractors in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into residential construction activity and housing market trends in the Northeast region, which is a crucial leading indicator of overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this indicator to gauge the strength of the Northeast housing sector and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau with a typical lag of around 1 month.
Related Trends
Expenditures: Vehicle Purchases: Cars and Trucks, Used by Region: Residence in the Northeast Census Region
CXUUSEDCARSLB1102M
Consumer Unit Characteristics: Number of Consumer Units by Region: Residence in the Northeast Census Region
CXUCONSUNITLB1102M
Housing Inventory Estimate: Seasonal Housing Units in the Northeast Census Region
ESEASONNEQ176N
Expenditures: Household Textiles by Region: Residence in the Northeast Census Region
CXUHHTXTILELB1102M
Housing Inventory Estimate: Vacant Housing Units Rented or Sold but Not Yet Occupied in the Northeast Census Region
ERNTSLDNEQ176N
Expenditures: Apparel, Men, 16 and over by Region: Residence in the Northeast Census Region
CXUMENSLB1102M
Citation
U.S. Federal Reserve, New Privately Owned Housing Starts by Purpose of Construction, Contractor-Built One-Family Units in the Northeast Census Region (HOUSTCB1FNEQ), retrieved from FRED.