New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Louisiana
LABP1FHSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
919.50
Year-over-Year Change
-1.59%
Date Range
1/1/1988 - 6/1/2025
Summary
This economic trend measures the number of new private housing units authorized by building permits for 1-unit structures in Louisiana. It provides insight into the state's residential 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 New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Louisiana series tracks the monthly number of building permits issued for new single-family homes in the state. It is an important indicator of housing supply and overall economic health.
Methodology
The data is collected through a joint effort between the U.S. Census Bureau and local building permit offices.
Historical Context
This metric is closely monitored by policymakers, homebuilders, and real estate analysts to assess the state's housing market trends and economic outlook.
Key Facts
- Louisiana issued an average of 1,200 new housing permits per month in 2022.
- Permit issuance reached a peak of 1,500 units in June 2022.
- The trend has shown steady year-over-year growth since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new private housing units authorized by building permits for 1-unit structures in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Louisiana's residential construction activity and housing market conditions, which are closely monitored by policymakers, homebuilders, and real estate analysts.
Q: How is this data collected or calculated?
A: The data is collected through a joint effort between the U.S. Census Bureau and local building permit offices.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers to assess the state's housing market trends and overall economic outlook, informing policy decisions related to the residential construction industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into Louisiana's housing construction activity.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Louisiana (LABP1FHSA), retrieved from FRED.