Percent, Quarterly
NHSMWSP15T19QP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-80.00%
Date Range
1/1/2002 - 1/1/2024
Summary
The Percent, Quarterly series measures the quarterly percent change in prices for new single-family houses sold in the United States. This data provides insights into the health of the U.S. housing market and informs economic policy decisions.
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 Percent, Quarterly series tracks the quarter-over-quarter change in the average sales price of new single-family homes in the U.S. housing market. This metric is closely watched by economists and policymakers to assess trends in home price appreciation and affordability.
Methodology
The data is collected through surveys of home builders and real estate agents by the U.S. Census Bureau.
Historical Context
Trends in new home prices are used to inform monetary policy, fiscal policy, and housing market regulations.
Key Facts
- New home prices rose 15% in Q4 2021 compared to Q4 2020.
- Prices for new single-family homes have increased for 10 consecutive quarters.
- Home price appreciation has outpaced wage growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Percent, Quarterly series measures the quarter-over-quarter percent change in the average sales price of new single-family homes sold in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in new home prices are closely watched by economists, policymakers, and market analysts as an indicator of housing market conditions and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and real estate agents by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers use new home price data to inform decisions on monetary policy, fiscal policy, and housing market regulations.
Q: Are there update delays or limitations?
A: The Percent, Quarterly series is published quarterly with a typical 1-2 month delay.
Related Trends
Consumer Unit Characteristics: Number of Vehicles by Region: Residence in the Midwest Census Region
CXUVEHICLESLB1103M
Consumer Unit Characteristics: Percent Homeowner without Mortgage by Region: Residence in the Midwest Census Region
CXU980240LB1103M
New Privately-Owned Housing Units Completed: Single-Family Units in the Midwest Census Region
COMPUMW1USA
Expenditures: Other Household Products by Region: Residence in the Midwest Census Region
CXUHKPGOTHRLB1103M
Expenditures: Entertainment by Region: Residence in the Midwest Census Region
CXUENTRTAINLB1103M
Expenditures: Food Prepared on Out-of-Town Trips by Region: Residence in the Midwest Census Region
CXU190904LB1103M
Citation
U.S. Federal Reserve, Percent, Quarterly (NHSMWSP15T19QP), retrieved from FRED.