New Houses Sold by Sales Price Between $500,000 and $599,999 in the Midwest Census Region
Thousands of Units, Quarterly
NHSMWSP50T59Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/2020 - 4/1/2025
Summary
The 'Thousands of Units, Quarterly' trend measures the production of new single-family homes sold in the United States. This data provides valuable insights into the health of the housing market and broader economic activity.
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 quarterly metric tracks the number of new single-family homes sold in thousands of units. It serves as an important indicator of consumer demand, construction activity, and overall economic conditions.
Methodology
The data is collected through surveys of residential construction and real estate firms.
Historical Context
Policymakers and analysts monitor this trend to gauge the strength of the housing sector and its impact on the broader economy.
Key Facts
- New single-family home sales in the U.S. reached a peak in 2005.
- Home sales declined sharply during the 2008 financial crisis.
- Inventory of new homes for sale has remained low in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Units, Quarterly' trend measures the number of new single-family homes sold in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the housing market and broader economic activity, as new home sales are a key indicator of consumer demand and construction industry health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential construction and real estate firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the strength of the housing sector and its impact on the broader economy, informing decisions and forecasts.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Thousands of Units, Quarterly (NHSMWSP50T59Q), retrieved from FRED.