Harmonized Unemployment: Aged 15-24: All Persons for the European Union
Percent, Annual, Not Seasonally Adjusted
LRHU24TTEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.38
Year-over-Year Change
-9.16%
Date Range
1/1/2000 - 1/1/2019
Summary
This economic trend measures the annual percentage change in residential housing unit completions, providing insight into the construction and supply of new housing.
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 percent change in annual, not seasonally adjusted residential housing unit completions is a key indicator of real estate market conditions and construction activity. It is used by economists and policymakers to assess the pace of new housing supply.
Methodology
The data is collected by the U.S. Census Bureau through surveys of housing construction.
Historical Context
This trend is relevant for understanding the housing market and the broader economy.
Key Facts
- Housing completions rose 14.6% in 2021 compared to 2020.
- New residential construction is a key driver of economic growth.
- Volatile housing completions data reflects supply chain and labor issues.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in the number of new residential housing units that are completed, providing insight into the construction and supply of new housing.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the state of the housing market and the broader economy, as new residential construction is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of housing construction.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the pace of new housing supply and make informed decisions about housing and economic policies.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and can be volatile due to supply chain and labor issues in the construction industry.
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Citation
U.S. Federal Reserve, Percent, Annual, Not Seasonally Adjusted (LRHU24TTEUA156N), retrieved from FRED.