Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Luxembourg
Quarterly, Seasonally Adjusted
LRHU24TTLUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.40
Year-over-Year Change
27.63%
Date Range
1/1/1983 - 4/1/2025
Summary
This economic trend measures the quarterly, seasonally adjusted housing units authorized by building permits in the United States. It is a leading indicator of future 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 Quarterly, Seasonally Adjusted building permits data tracks the number of new residential construction projects that have been approved for development. It provides insight into the strength and direction of the housing market, which is a key driver of economic growth.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local permitting authorities.
Historical Context
Policymakers and analysts use this metric to gauge the health of the housing sector and make informed decisions about economic and monetary policy.
Key Facts
- Building permits are a leading indicator of future construction activity.
- The data is released monthly by the U.S. Census Bureau.
- Permit issuance tends to lead housing starts by 1-2 months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new residential construction projects that have been approved for development through building permits, on a quarterly and seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The building permits data provides an early signal of future construction activity and housing market conditions, making it a key indicator for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local permitting authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of the housing sector and make informed decisions about economic and monetary policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRHU24TTLUQ156S), retrieved from FRED.