New Privately Owned Housing Starts by Purpose of Construction, Built for Rent Two or More Units in the Northeast Census Region
HOUSTPFR2UMNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
-38.89%
Date Range
1/1/1985 - 1/1/2025
Summary
This economic indicator tracks the number of new privately owned housing units started in the Northeast Census Region that are built for rent and contain two or more units. It provides insights into residential construction activity and rental housing supply.
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, Built for Rent Two or More Units in the Northeast Census Region metric is a key indicator of residential construction and rental housing market trends in the Northeastern United States. It is widely used by economists, policymakers, and real estate analysts to assess housing sector dynamics.
Methodology
The data is collected through a monthly survey of a sample of homebuilders across the U.S.
Historical Context
This metric informs analysis of housing supply, affordability, and broader economic conditions.
Key Facts
- Northeast accounts for 18% of total U.S. housing starts.
- Rental housing starts are 25% of total starts in the Northeast.
- Multifamily housing is 60% of rental starts in the Northeast.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new privately owned housing units started in the Northeast Census Region that are built specifically for rental purposes and contain two or more units.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into residential construction activity and the supply of rental housing in the Northeastern United States, which is valuable for economists, policymakers, and real estate market participants.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of a sample of homebuilders across the U.S.
Q: How is this trend used in economic policy?
A: This indicator informs analysis of housing supply, affordability, and broader economic conditions, which is relevant for policymakers, central banks, and other institutions monitoring the real estate market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
Related Trends
New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Total Two or More Units in the Northeast Census Region
HOUSTPFST2UMNEQ
New Privately Owned Housing Completions Average Square Feet of Floor Area for One-Family Units in the Northeast Census Region
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Expenditures: Telephone Services by Region: Residence in the Northeast Census Region
CXUPHONELB1102M
Expenditures: Public and Other Transportation by Region: Residence in the Northeast Census Region
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Existing Home Sales in Northeast Census Region
EXHOSLUSNEM495S
Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Plumbing, Heating, and Air Conditioning Contractors for Northeast Census Region
PCU2364002364002211
Citation
U.S. Federal Reserve, New Privately Owned Housing Starts by Purpose of Construction, Built for Rent Two or More Units in the Northeast Census Region (HOUSTPFR2UMNEQ), retrieved from FRED.