Percent, Annual
NHSMWSP50OAP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.00
Year-over-Year Change
480.00%
Date Range
1/1/2002 - 1/1/2023
Summary
The 'Percent Change, Annual' trend measures the year-over-year change in wholesale prices for new single-family houses in the United States. This metric is a key indicator of housing market dynamics and construction costs.
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 annual percent change in prices for newly constructed single-family homes across the U.S. It provides insights into housing affordability, construction activity, and broader inflationary pressures in the economy.
Methodology
The data is collected through a monthly survey of home builders and developers by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the health of the housing sector and guide decisions around monetary policy and construction industry investment.
Key Facts
- The average annual percent change in new home prices was 13.2% in 2022.
- Housing affordability has declined due to rising mortgage rates and construction costs.
- Volatile swings in new home prices can signal shifts in economic growth and consumer demand.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change, Annual' trend measures the year-over-year change in wholesale prices for new single-family houses in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into housing affordability, construction activity, and broader inflationary pressures in the economy, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey 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 this trend to assess the health of the housing sector and guide decisions around monetary policy and construction industry investment.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Percent Change, Annual (NHSMWSP50OAP), retrieved from FRED.