Number of New Private Nonfarm Housing Units Started, Two Family for United States
M0202BUSM176NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
-24.39%
Date Range
1/1/1959 - 12/1/1963
Summary
The 'Number of New Private Nonfarm Housing Units Started, Two Family for United States' measures the volume of new multi-unit residential construction, providing insight into housing market activity and economic growth.
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
This indicator tracks the number of new privately-owned housing units with two living units (a duplex) that began construction in the United States. It is a key statistic used by economists and policymakers to assess the health of the residential construction sector and overall economic conditions.
Methodology
The data is collected through surveys of builders and developers by the U.S. Census Bureau.
Historical Context
Trends in new housing starts are closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Two-family housing units account for about 5% of total new residential construction.
- New housing starts data is released monthly by the U.S. Census Bureau.
- Builders must obtain permits before starting new construction projects.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new privately-owned housing units with two living units (duplexes) that began construction in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in new housing starts, including two-family units, provide valuable insights into the health of the residential construction sector and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: New housing starts data is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with some potential for lags or revisions in the initial estimates.
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Citation
U.S. Federal Reserve, Number of New Private Nonfarm Housing Units Started, Two Family for United States (M0202BUSM176NNBR), retrieved from FRED.