Seasonally Adjusted
HPBUSAPPSAIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,271.00
Year-over-Year Change
10.09%
Date Range
7/1/2004 - 10/1/2020
Summary
The Seasonally Adjusted Housing Permits for Single-Family Houses index measures the monthly change in permits issued for the construction of new single-family homes in the United States. This trend is a key indicator of housing market activity and future construction.
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 Seasonally Adjusted Housing Permits for Single-Family Houses series, produced by the U.S. Census Bureau, tracks the number of permits issued for the construction of new single-family homes across the country. This metric provides insight into homebuilding trends and serves as a leading indicator of future residential construction activity.
Methodology
The data is collected through monthly surveys of local building permit offices.
Historical Context
Economists and policymakers closely monitor this series to assess the health of the housing market and make informed decisions.
Key Facts
- Permits for single-family home construction are a leading indicator of future housing market activity.
- The Seasonally Adjusted Housing Permits index provides a more accurate picture of underlying trends by accounting for seasonal variations.
- Single-family home construction is a significant driver of economic growth and employment.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Housing Permits for Single-Family Houses index measures the monthly change in permits issued for the construction of new single-family homes in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into homebuilding trends and serves as a leading indicator of future residential construction activity, which is crucial for understanding the health of the housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this series to assess the health of the housing market and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short delay, providing timely insights into the housing market.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Housing Permits for Single-Family Houses (HPBUSAPPSAIL), retrieved from FRED.