New Houses Sold by Sales Price Under $300,000 in the Midwest Census Region
Thousands of Units, Quarterly
NHSMWSPU30Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/2020 - 4/1/2025
Summary
The 'Thousands of Units, Quarterly' trend measures new one-family houses sold in the United States on a quarterly basis. This indicator is a key metric for monitoring the health of the U.S. housing market.
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 series tracks the total number of new single-family homes sold in the U.S. during a given quarter. It provides insight into consumer demand, construction activity, and broader economic conditions influencing the housing sector.
Methodology
The data is collected through a monthly survey of a sample of new home sales by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the strength of the residential real estate market and its impact on the overall economy.
Key Facts
- New home sales in the U.S. totaled 744,000 units in Q4 2022.
- Home sales have fallen by 16.4% year-over-year as of Q4 2022.
- The median sales price of new homes was $471,200 in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total 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 metric provides important insights into consumer demand, construction activity, and broader economic conditions influencing the U.S. housing market.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of a sample of new home sales by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of the residential real estate market and its impact on the overall economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately one month following the end of the reference quarter.
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Citation
U.S. Federal Reserve, Thousands of Units, Quarterly (NHSMWSPU30Q), retrieved from FRED.