New Privately Owned Housing Starts by Number of Units in Building, 2 to 4 Units in the Northeast Census Region
HOUSTCB24UMNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1985 - 1/1/2025
Summary
This economic indicator tracks the number of new privately owned housing starts with 2 to 4 units in the Northeast Census Region of the United States. It provides insight into residential construction activity and market demand.
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 Number of Units in Building, 2 to 4 Units in the Northeast Census Region is a key indicator of real estate and construction industry trends. It measures the number of new multi-unit housing projects started in the Northeastern U.S. and is used to assess regional building activity and investment.
Methodology
The data is collected through surveys of residential construction firms by the U.S. Census Bureau.
Historical Context
This metric is closely monitored by policymakers, investors, and economists to gauge the health of the housing market and broader economic conditions.
Key Facts
- The Northeast region accounts for about 15% of total U.S. housing starts.
- New 2-4 unit housing projects make up roughly 6% of all residential construction.
- Privately owned housing starts are a leading indicator of economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new privately owned housing projects with 2 to 4 units that have begun construction in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into regional residential construction activity and investment, which is a key driver of economic growth and an important factor for policymakers and market analysts to monitor.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of residential construction firms.
Q: How is this trend used in economic policy?
A: Housing starts data, including this Northeast regional metric, is closely tracked by government agencies, central banks, and other institutions to assess the health of the real estate market and broader economic conditions.
Q: Are there update delays or limitations?
A: This data is published monthly by the Census Bureau, but may have a 1-2 month reporting lag compared to the reference period.
Related Trends
New Private Housing Units Authorized by Building Permits for the Northeast Census Region
CNERBPPRIVSA
New Privately-Owned Housing Units Completed: Total Units in the Northeast Census Region
COMPUNETSA
Consumer Unit Characteristics: Percent Women Reference Persons by Region: Residence in the Northeast Census Region
CXU980220LB1102M
New Privately Owned Housing Starts Average Square Feet of Floor Area for Two or More Units in the Northeast Census Region
HOUSTSFLAA2UMNEQ
New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Total One-Family Units in the Northeast Census Region
HOUSTPFST1FNEQ
Quits: Total Nonfarm in Northeast Census Region
JTS00NEQUL
Citation
U.S. Federal Reserve, New Privately Owned Housing Starts by Number of Units in Building, 2 to 4 Units in the Northeast Census Region (HOUSTCB24UMNEQ), retrieved from FRED.