Oak Flooring Production for United States
M02120USM388NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.80
Year-over-Year Change
16.25%
Date Range
1/1/1912 - 12/1/1963
Summary
The Oak Flooring Production for United States measures the monthly production of oak flooring, a key indicator of construction and home improvement 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
This economic trend provides insights into the health of the residential construction and home remodeling sectors. Oak flooring is a widely used material, and its production levels reflect demand from builders, contractors, and homeowners.
Methodology
The data is collected through surveys of flooring manufacturers and producers.
Historical Context
Economists and policymakers monitor this trend to assess the broader state of the housing market and consumer confidence.
Key Facts
- Oak flooring accounts for over 50% of the US hardwood flooring market.
- Production levels peaked in 2005 at over 250 million square feet per month.
- The COVID-19 pandemic led to a sharp decline in oak flooring production in 2020.
FAQs
Q: What does this economic trend measure?
A: The Oak Flooring Production for United States measures the monthly production volumes of oak flooring, a widely used material in residential construction and home improvement projects.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health of the housing and home remodeling sectors, as demand for oak flooring is closely tied to construction activity and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of flooring manufacturers and producers.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the broader state of the housing market and make informed decisions regarding policies that impact construction, home sales, and consumer spending.
Q: Are there update delays or limitations?
A: The data is released with a 1-2 month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Oak Flooring Production for United States (M02120USM388NNBR), retrieved from FRED.