Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Nebraska
Quarterly, Seasonally Adjusted
NEWHOLEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.21
Year-over-Year Change
-0.50%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted (NEWHOLEQQGSP) series measures new home sales in the United States. This key economic indicator provides insight into the strength of the housing market and consumer demand.
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 series tracks the number of new single-family homes sold each quarter, adjusted for seasonal variations. It is an important metric for economists and policymakers to gauge the health of the housing sector and broader economic conditions.
Methodology
The data is collected through surveys of home builders and developers by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts closely monitor new home sales to inform decisions on interest rates, housing policies, and other economic interventions.
Key Facts
- New home sales reached a record high of 993,000 in January 2022.
- The series has a monthly release schedule with a 3-4 week lag.
- New home sales account for about 10-15% of overall residential construction activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted (NEWHOLEQQGSP) series tracks the number of new single-family homes sold each quarter in the United States.
Q: Why is this trend relevant for users or analysts?
A: New home sales are a key indicator of housing market activity and consumer demand, providing important insights for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor new home sales to inform decisions on interest rates, housing policies, and other economic interventions.
Q: Are there update delays or limitations?
A: The series has a monthly release schedule with a 3-4 week lag between the end of the reference quarter and the data publication.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (NEWHOLEQQGSP), retrieved from FRED.