New Privately Owned Housing Starts Median Square Feet of Floor Area for Two or More Units in the Northeast Census Region
HOUSTSFLAM2UMNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,026.00
Year-over-Year Change
25.27%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the median 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 characteristics of multi-unit residential construction in that geographic area.
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 Median Square Feet of Floor Area for Two or More Units in the Northeast Census Region is an important indicator of housing supply and construction activity. It helps analysts and policymakers understand trends in the size and composition of new multi-family housing development in the Northeast region.
Methodology
The data is collected through surveys of homebuilders and construction firms.
Historical Context
This metric is used to inform housing and urban development policies, as well as monitor the health of the residential construction industry.
Key Facts
- Median square feet for new multi-unit housing in the Northeast was 1,070 in 2021.
- Multi-unit housing starts account for over 50% of new residential construction in the Northeast.
- Housing size trends reflect changing consumer preferences and policies in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median 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 characteristics of new multi-unit residential construction in the Northeast, which is useful for housing and urban development policymaking as well as monitoring the health of the regional construction industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and construction firms.
Q: How is this trend used in economic policy?
A: This metric is used to inform housing and urban development policies, as well as monitor the health of the residential construction industry in the Northeast region.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into Northeast housing construction trends.
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Housing Inventory Estimate: Vacant Housing Units Rented or Sold but Not Yet Occupied in the Northeast Census Region
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Citation
U.S. Federal Reserve, New Privately Owned Housing Starts Median Square Feet of Floor Area for Two or More Units in the Northeast Census Region (HOUSTSFLAM2UMNEQ), retrieved from FRED.