Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Germany
Annual, Not Seasonally Adjusted
LRHU24TTDEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.53
Year-over-Year Change
-23.81%
Date Range
1/1/2007 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted level of housing units completed in the United States. It provides insight into the pace of residential construction activity.
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 Annual, Not Seasonally Adjusted housing units completed metric tracks the total number of new residential units that have been fully constructed over a 12-month period, without adjusting for typical seasonal variations. This indicator offers a high-level view of the overall state of the housing market.
Methodology
The data is collected through surveys of residential construction firms and building permit authorities.
Historical Context
Policymakers and market analysts use this metric to gauge the health and momentum of the real estate sector.
Key Facts
- The U.S. completed over 1.3 million new housing units in 2021.
- Housing units completed declined by 3.7% in 2020 due to the COVID-19 pandemic.
- Single-family homes account for the majority of new housing units completed.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted total number of new residential housing units that have been fully constructed in the United States.
Q: Why is this trend relevant for users or analysts?
A: The housing units completed metric provides insight into the pace of residential construction activity, which is a key indicator of the health and momentum of the real estate sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction firms and building permit authorities.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to gauge the overall state of the housing market and inform decisions related to housing, construction, and real estate policies.
Q: Are there update delays or limitations?
A: There may be some lag in the data due to the time required to collect and compile the information from construction firms and permit authorities.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHU24TTDEA156N), retrieved from FRED.