New Privately Owned Housing Starts Average Square Feet of Floor Area for Two or More Units in the Northeast Census Region
HOUSTSFLAA2UMNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
948.00
Year-over-Year Change
-3.85%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the average square feet of floor area for new privately owned housing starts with two or more units in the Northeast Census Region of the United States. It provides insights into the size and composition of the regional 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
The New Privately Owned Housing Starts Average Square Feet of Floor Area for Two or More Units in the Northeast Census Region is an important indicator of residential construction activity and housing preferences in the Northeastern United States. It is used by economists and policymakers to analyze trends in the regional housing sector.
Methodology
The data is collected by the U.S. Census Bureau through surveys of new residential construction projects.
Historical Context
This metric helps inform housing and urban development policies, as well as investment decisions in the real estate market.
Key Facts
- The average square feet of floor area for new multi-unit housing starts in the Northeast was 1,067 in 2021.
- This metric has declined from a peak of 1,201 square feet in 2015.
- The Northeast region accounts for approximately 16% of new multi-unit housing starts nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average square feet of floor area for new privately owned housing starts with two or more units in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and composition of the regional housing market, which is useful for economists, policymakers, and real estate investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of new residential construction projects.
Q: How is this trend used in economic policy?
A: This metric helps inform housing and urban development policies, as well as investment decisions in the real estate market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Starts Average Square Feet of Floor Area for Two or More Units in the Northeast Census Region (HOUSTSFLAA2UMNEQ), retrieved from FRED.