New Houses Sold by Sales Price Between $300,000 and $399,999 in the Midwest Census Region
NHSMWSP30T39A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.00
Year-over-Year Change
34.78%
Date Range
1/1/2020 - 1/1/2024
Summary
This economic trend measures the number of new houses sold in the Midwest region with a sales price between $300,000 and $399,999. It provides valuable insights into the state of the new home construction and sales market in this geographic area.
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 New Houses Sold by Sales Price Between $300,000 and $399,999 in the Midwest Census Region metric tracks the sales volume of newly constructed homes in the Midwest priced within this specific price range. This data point is closely watched by economists, policymakers, and real estate analysts to gauge housing affordability and construction activity.
Methodology
The data is collected through surveys of home builders and real estate agents by the U.S. Census Bureau.
Historical Context
This trend is used to inform housing and economic policies at the federal, state, and local levels.
Key Facts
- The Midwest region includes 12 states, from Ohio to the Dakotas.
- Home sales in the $300k-$399k price range make up a significant portion of the new home market.
- Tracking this metric helps assess housing affordability and construction trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of newly constructed homes sold in the Midwest region with a sales price between $300,000 and $399,999.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the state of the new home construction and sales market in the Midwest, which is critical for understanding housing affordability and economic conditions in the region.
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: This trend is used to inform housing and economic policies at the federal, state, and local levels, as it reflects the level of new home construction and sales activity in the Midwest.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week delay from the end of the reference period.
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Citation
U.S. Federal Reserve, New Houses Sold by Sales Price Between $300,000 and $399,999 in the Midwest Census Region (NHSMWSP30T39A), retrieved from FRED.