Nominal Imports of Goods and Services for Canada
Annual, Not Seasonally Adjusted
NMXDCCAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,004,846.00
Year-over-Year Change
70.56%
Date Range
1/1/1961 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total value of new residential construction, including single-family homes, multifamily buildings, and improvements. This metric is a key indicator of housing market activity and broader economic conditions.
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, unadjusted series represents the total dollar value of new private residential construction projects completed in the United States over a 12-month period. It is used by economists and policymakers to analyze trends in the housing sector and its impact on the overall economy.
Methodology
The data is collected through surveys of construction firms and builders by the U.S. Census Bureau.
Historical Context
The new residential construction trend is closely watched by the Federal Reserve and other institutions for insights into consumer demand, inflation, and the broader macroeconomic environment.
Key Facts
- The series measures over $1 trillion in annual new residential construction.
- New residential construction declined sharply during the 2008 housing crisis.
- The trend has generally trended upward since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total value of new private residential construction, including single-family homes, multifamily buildings, and home improvements.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of housing market activity and consumer demand, providing insights into broader economic conditions and the state of the construction industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and builders by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The new residential construction trend is closely monitored by the Federal Reserve and other institutions to assess consumer demand, inflation, and the overall state of the economy.
Q: Are there update delays or limitations?
A: The annual, unadjusted data is released with a delay of several months, and may be subject to revisions as more information becomes available.
Related Trends
Consumer Price Index: Transport (COICOP 07): Total for Canada
CANCP070000IXNBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Canada
CANCP010000GYQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Canada
CPGRLE01CAQ659N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Canada
CPALTT01CAA659N
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 24 Years for Canada
LFIN24MACAM647S
Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Canada
CANCP050000GPQ
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NMXDCCAA), retrieved from FRED.