New Privately Owned Housing Starts by Number of Units in Building, 20 or more Units in the Northeast Census Region
HOUSTDTA20UMNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-50.00%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the monthly number of new privately owned housing units started in buildings with 20 or more units in the Northeast census region. It is a key indicator of residential construction activity and investment.
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 metric tracks the initiation of new multi-unit housing projects in the Northeast, which is an important driver of regional economic growth and construction employment. Policymakers and analysts use this data to assess the health of the real estate market and forecast future housing supply.
Methodology
The U.S. Census Bureau collects this data through a monthly survey of housing construction firms.
Historical Context
Housing starts data is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- New housing starts in Northeast buildings with 20+ units averaged 53,000 per month in 2022.
- Multi-unit housing starts make up around 40% of total new residential construction in the Northeast.
- Housing starts data is a leading economic indicator, signaling future residential investment and growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monthly number of new privately owned housing units that have begun construction in buildings with 20 or more units in the Northeast census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: New housing starts, especially in the multi-unit sector, are a key indicator of residential construction activity, real estate investment, and future economic growth. Policymakers and analysts monitor this data to assess the health of the housing market.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through a monthly survey of residential construction firms throughout the country.
Q: How is this trend used in economic policy?
A: Housing starts data is closely tracked by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions that impact the real estate market and broader economy.
Q: Are there update delays or limitations?
A: The Census Bureau publishes this housing starts data on a monthly basis, with a typical release lag of around one month. The data may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Starts by Number of Units in Building, 20 or more Units in the Northeast Census Region (HOUSTDTA20UMNEQ), retrieved from FRED.