New Houses Sold by Sales Price Between $800,000 and $999,999 in the Northeast Census Region
Thousands of Units, Quarterly
NHSNESP80T99Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2020 - 4/1/2025
Summary
The 'Thousands of Units, Quarterly' trend measures the total number of new single-family houses sold in the United States on a quarterly basis. This metric is a key indicator of residential construction 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 'Thousands of Units, Quarterly' series tracks the total sales of new single-family homes in the U.S. reported in thousands of units. This data provides insight into the strength of the housing market and consumer confidence.
Methodology
The data is collected by the U.S. Census Bureau through surveys of home builders and sellers.
Historical Context
This trend is closely monitored by policymakers, economists, and real estate analysts to assess the health of the U.S. housing sector.
Key Facts
- New home sales account for about 10% of total U.S. residential construction activity.
- Sales of new single-family homes have increased by over 50% since the COVID-19 pandemic began.
- The median sales price of new homes in the U.S. reached a record high of $428,000 in 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Units, Quarterly' trend measures the total number of new single-family houses 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 the strength of the U.S. housing market and consumer demand, making it a closely watched indicator for policymakers, economists, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of home builders and sellers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the overall health of the U.S. housing sector and its impact on the broader economy, informing decisions related to interest rates, housing policies, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The 'Thousands of Units, Quarterly' data is released with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Thousands of Units, Quarterly (NHSNESP80T99Q), retrieved from FRED.