Thousands of Units, Annual
NHSMWSPU15A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2002 - 1/1/2023
Summary
The 'Thousands of Units, Annual' series measures the total number of new single-family home sales in the United States on an annual basis. This key economic indicator provides insights into the health of the housing market and consumer confidence.
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 annual data series tracks the total sales volume of new single-family homes in the U.S. It is used by economists, policymakers, and real estate analysts to assess trends in housing demand, construction activity, and consumer spending.
Methodology
The data is collected through a monthly survey of a sample of new home sales by the U.S. Census Bureau.
Historical Context
The new home sales metric helps inform federal housing and economic policies.
Key Facts
- Annual new home sales exceeded 1 million units in 2005.
- New home sales declined sharply during the 2008 financial crisis.
- The series reached a recent peak of over 800,000 units in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Units, Annual' series tracks the total number of new single-family homes sold in the United States on a yearly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health of the housing market, consumer confidence, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of new home sales conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: New home sales data helps inform federal housing and economic policies, as it reflects consumer demand and construction activity.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 2-3 week lag, and may be subject to revisions as more complete information becomes available.
Related Trends
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Homeowner Vacancy Rate in the Midwest Census Region
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Other Financial Information: Estimated Market Value of Owned Home by Region: Residence in the Midwest Census Region
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New Privately Owned Housing Completions by Purpose of Construction, Contractor-Built One-Family Units in the Midwest Census Region
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New Privately Owned Housing Completions Median Square Feet of Floor Area for One-Family Units in the Midwest Census Region
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Citation
U.S. Federal Reserve, Thousands of Units, Annual (NHSMWSPU15A), retrieved from FRED.