Total Hardwood Stocks for United States
M0582BUSM388NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,256.00
Year-over-Year Change
-8.79%
Date Range
1/1/1934 - 9/1/1942
Summary
The 'Total Hardwood Stocks for United States' trend measures the total volume of hardwood inventory held by manufacturers and distributors in the United States. This data provides insight into the supply and demand dynamics of the domestic hardwood industry.
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 indicator tracks the total quantity of hardwood materials, such as lumber, veneer, and other products, that are currently held in commercial inventories across the United States. It serves as an important barometer of the health and production capacity of the hardwood supply chain.
Methodology
The data is collected through surveys of hardwood manufacturers and wholesalers by the U.S. Census Bureau.
Historical Context
Analysts and policymakers monitor this metric to assess the capacity of the domestic hardwood industry to meet current and future demand from construction, furniture, and other wood product sectors.
Key Facts
- Hardwood is a vital raw material for furniture, flooring, and construction.
- Inventories fluctuate based on production, imports, and end-user demand.
- Hardwood stocks data helps forecast price trends and supply chain bottlenecks.
FAQs
Q: What does this economic trend measure?
A: The 'Total Hardwood Stocks for United States' metric tracks the total volume of hardwood materials, such as lumber and veneer, held in commercial inventories across the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the supply and demand dynamics of the domestic hardwood industry, which is a critical input for construction, furniture manufacturing, and other wood product sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of hardwood manufacturers and wholesalers conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the capacity of the domestic hardwood industry to meet current and future demand, which informs production, trade, and economic development decisions.
Q: Are there update delays or limitations?
A: The hardwood stocks data is published monthly with a lag of approximately two months, so it may not fully reflect the most recent market conditions.
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Citation
U.S. Federal Reserve, Total Hardwood Stocks for United States (M0582BUSM388NNBR), retrieved from FRED.