New Houses Sold by Sales Price Between $400,000 and $499,999 in the Midwest Census Region
NHSMWSP40T49A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
45.45%
Date Range
1/1/2020 - 1/1/2024
Summary
The 'New Houses Sold by Sales Price Between $400,000 and $499,999 in the Midwest Census Region' trend measures the number of new single-family homes sold in the Midwest region at a particular price point. This provides valuable insights into 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 economic indicator tracks the sales of newly constructed homes in the Midwest region with a sales price between $400,000 and $499,999. It is an important metric for analyzing regional housing market conditions, including affordability, supply, and consumer preferences.
Methodology
The data is collected through surveys of homebuilders and real estate agents by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to inform housing and economic policies.
Key Facts
- The Midwest region includes 12 states, including Illinois, Indiana, and Ohio.
- New home sales account for a significant portion of overall housing market activity.
- Homes in the $400,000 to $499,999 price range are considered mid-to-upper tier in the Midwest.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of newly constructed single-family homes sold in the Midwest region with a sales price between $400,000 and $499,999.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the state of the regional housing market, including demand, affordability, and consumer preferences for new homes in a particular price range.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and real estate agents by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform housing and economic policies, as it reflects consumer demand and market conditions in the Midwest region.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau, 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 $400,000 and $499,999 in the Midwest Census Region (NHSMWSP40T49A), retrieved from FRED.