Index of Lumber Production for United States
M0219BUSM350NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.30
Year-over-Year Change
-1.36%
Date Range
1/1/1947 - 12/1/1963
Summary
The Index of Lumber Production for the United States measures the monthly output of lumber, an essential construction material. This index is a key indicator of the health and activity in the U.S. housing and construction sectors.
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 Index of Lumber Production tracks the monthly production levels of lumber, a vital raw material used in residential and commercial construction projects. It serves as an important barometer for the strength of the U.S. housing market and broader economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of lumber producers and manufacturers.
Historical Context
Policymakers and analysts closely monitor this index to gauge the trajectory of the construction industry and make informed decisions about economic policy.
Key Facts
- Lumber is a critical input for residential and commercial construction.
- The index uses 2012 as the base year, with a value of 100.
- The index reached an all-time high of 127.8 in March 2022.
FAQs
Q: What does this economic trend measure?
A: The Index of Lumber Production for the United States measures the monthly output of lumber, a vital construction material used in residential and commercial building projects.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and activity in the U.S. housing and construction sectors, making it important for policymakers, economists, and industry analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of lumber producers and manufacturers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to gauge the trajectory of the construction industry and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical 1-2 month delay in the latest data being released.
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Citation
U.S. Federal Reserve, Index of Lumber Production for United States (M0219BUSM350NNBR), retrieved from FRED.