New Private Housing Units Authorized by Building Permits for Massachusetts
MABPPRIV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
704.00
Year-over-Year Change
-52.27%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits for Massachusetts' tracks the number of new private residential housing units authorized for construction in Massachusetts, a key indicator of 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 economic trend measures the number of building permits issued for new private housing units in Massachusetts, which signals future residential construction and investment. It is a leading indicator of housing market conditions and broader economic trends in the state.
Methodology
The data is collected by the U.S. Census Bureau through a monthly survey of local building permit offices.
Historical Context
The trend is widely used by economists, policymakers, and real estate analysts to assess the health of the Massachusetts housing market and its impact on the state's economy.
Key Facts
- The series dates back to 1988.
- Massachusetts ranks among the top 10 states for new housing permits.
- Permit activity is a leading indicator of future home construction and sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private housing units authorized for construction in Massachusetts through the issuance of building permits.
Q: Why is this trend relevant for users or analysts?
A: The number of new housing permits is a leading indicator of future residential construction activity and investment, providing insights into the health of the Massachusetts housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through a monthly survey of local building permit offices.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and real estate analysts use this trend to assess the state of the Massachusetts housing market and its implications for the broader economy, informing policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The data is released monthly with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for Massachusetts (MABPPRIV), retrieved from FRED.