New Nonresidential Building Authorized by Building Permits for United States
M0256CUSM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
538.00
Year-over-Year Change
28.71%
Date Range
6/1/1959 - 12/1/1963
Summary
This economic indicator tracks the number of new nonresidential building projects authorized by building permits in the United States. It serves as an important leading indicator for construction activity and business investment.
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 New Nonresidential Building Authorized by Building Permits metric measures the number of new commercial, industrial, and other nonresidential construction projects that have received the necessary building permits. This data point is a leading indicator that provides insights into future trends in business investment and overall economic activity.
Methodology
The data is collected monthly by the U.S. Census Bureau through surveys of building permit offices.
Historical Context
This indicator is closely monitored by economists, policymakers, and investors to assess the health of the construction sector and broader economic conditions.
Key Facts
- The series dates back to 1960.
- Nonresidential building permits account for about 30% of total building permits.
- Permit activity is a leading indicator of future construction spending.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new nonresidential building projects, such as commercial and industrial buildings, that have received the necessary building permits in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important leading indicator for construction activity and business investment, providing insights into future economic conditions.
Q: How is this data collected or calculated?
A: The data is collected monthly by the U.S. Census Bureau through surveys of building permit offices across the country.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this indicator to assess the health of the construction sector and the broader economy.
Q: Are there update delays or limitations?
A: The data is released with a short lag, typically within a month of the reference period, and provides a timely snapshot of construction permit activity.
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Citation
U.S. Federal Reserve, New Nonresidential Building Authorized by Building Permits for United States (M0256CUSM398NNBR), retrieved from FRED.