New One Family Houses Sold in Northeast Census Region
Thousands of Units, Annual, Not Seasonally Adjusted
HSN1FNEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.00
Year-over-Year Change
17.24%
Date Range
1/1/1963 - 1/1/2024
Summary
This economic trend measures thousands of housing units authorized by building permits in the United States on an annual, not seasonally adjusted basis. It provides important insights into construction activity and housing market conditions.
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 'Thousands of Units, Annual, Not Seasonally Adjusted' metric tracks the total number of new residential construction projects authorized by building permits in the U.S. each year. This leading indicator offers valuable data on the health and momentum of the housing sector.
Methodology
The data is collected and reported by the U.S. Census Bureau through its monthly Building Permits Survey.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength of the housing market and broader economic conditions.
Key Facts
- Building permits authorized over 1.6 million new housing units in 2021.
- The trend reached a low of 0.55 million units during the 2008 financial crisis.
- Single-family homes account for the majority of permitted units each year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new residential construction projects authorized by building permits in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator offers valuable insights into the health and momentum of the housing sector, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its monthly Building Permits Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the strength of the housing market and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a lag of several weeks between the reference period and the release of the latest figures.
Related Trends
Business Formations Within Eight Quarters: Total for All NAICS in Northeast Census Region
BFBF8QTOTALNSANO
New Privately-Owned Housing Units Completed: Single-Family Units in the Northeast Census Region
COMPUNE1USA
New Privately Owned Housing Starts by Number of Units in Building, 5 to 9 Units in the Northeast Census Region
HOUSTOB59UMNEQ
Other Financial Information: Mortgage Principal Paid on Owned Property by Region: Residence in the Northeast Census Region
CXUMRTPRINPLB1102M
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the Northeast Census Region
CNERBP1FHSA
Expenditures: Medical Supplies by Region: Residence in the Northeast Census Region
CXUMEDSUPPLLB1102M
Citation
U.S. Federal Reserve, Thousands of Units, Annual, Not Seasonally Adjusted (HSN1FNEA), retrieved from FRED.