New Houses Sold by Sales Price Between $500,000 and $599,999 in the Northeast Census Region
NHSNESP50T59A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-16.67%
Date Range
1/1/2020 - 1/1/2024
Summary
This economic trend measures new single-family home sales in the Northeast U.S. between $500,000 and $599,999. It provides important insights into regional housing market activity 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
The New Houses Sold by Sales Price Between $500,000 and $599,999 in the Northeast Census Region is a key indicator of middle-to-upper-tier home sales performance in the Northeast. It is closely watched by economists, policymakers, and real estate analysts to gauge housing market trends and consumer confidence.
Methodology
The data is collected through surveys of new home sales by the U.S. Census Bureau.
Historical Context
This trend informs decision-making around housing policy, mortgage lending, and real estate investment.
Key Facts
- New home sales in the $500,000-$599,999 range account for about 10% of total Northeast sales.
- Sales in this price segment declined during the 2008 recession but have since recovered.
- Trends in this metric often foreshadow broader shifts in the Northeast housing market.
FAQs
Q: What does this economic trend measure?
A: This trend measures new single-family home sales in the Northeast U.S. with a sales price between $500,000 and $599,999.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into middle-to-upper-tier housing market activity and consumer demand in the Northeast region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of new home sales by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend informs decision-making around housing policy, mortgage lending, and real estate investment.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week delay.
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Citation
U.S. Federal Reserve, New Houses Sold by Sales Price Between $500,000 and $599,999 in the Northeast Census Region (NHSNESP50T59A), retrieved from FRED.