New Houses Sold by Sales Price Between $1,000,000 and Over in the Midwest Census Region
Thousands of Units, Quarterly
NHSMWSP100OQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2020 - 4/1/2025
Summary
This economic trend measures new privately-owned housing starts on a quarterly basis. It is a key indicator of residential construction activity and housing market health.
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 Thousands of Units, Quarterly indicator tracks the number of new residential housing units that began construction in a given quarter. It provides insight into the pace of new home building, a critical component of the overall economy.
Methodology
The data is collected through surveys of residential construction firms by the U.S. Census Bureau.
Historical Context
Housing starts are closely monitored by policymakers, investors, and economists to assess the state of the housing market and broader economic conditions.
Key Facts
- New housing starts hit a record high of 1.71 million units in 2021.
- Housing starts fell 7.7% in January 2023 compared to the previous month.
- The South region accounted for over 50% of new housing starts in 2022.
FAQs
Q: What does this economic trend measure?
A: The Thousands of Units, Quarterly indicator measures the number of new privately-owned residential housing units that began construction in a given quarter.
Q: Why is this trend relevant for users or analysts?
A: Housing starts are a crucial indicator of residential construction activity and the overall health of the housing market, which has significant implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Housing starts are closely monitored by policymakers, investors, and economists to assess the state of the housing market and broader economic conditions, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The Thousands of Units, Quarterly data is released with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Thousands of Units, Quarterly (NHSMWSP100OQ), retrieved from FRED.