Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Estonia
ODCNPI03EEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.41
Year-over-Year Change
-258.28%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend tracks the number of construction permits issued for dwellings and residential buildings in Estonia. It is a key indicator of real estate and construction activity in the country.
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 Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Estonia metric measures the volume of new residential construction projects authorized through the permitting process. This provides insight into the pipeline of upcoming housing development and investment.
Methodology
The data is collected through a census of construction permit issuance by local authorities.
Historical Context
Policymakers and analysts use this indicator to assess the health of the Estonian housing and construction sectors.
Key Facts
- Estonia issued over 16,000 construction permits in 2021.
- Permit volumes rose 12% year-over-year from 2020 to 2021.
- Single-family home permits accounted for 75% of the total in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new construction permits issued for dwellings and residential buildings in Estonia.
Q: Why is this trend relevant for users or analysts?
A: The construction permits indicator provides insights into upcoming housing development and investment activity in the Estonian real estate market.
Q: How is this data collected or calculated?
A: The data is collected through a census of construction permit issuance by local authorities in Estonia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the health and outlook of the Estonian housing and construction sectors.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the end of each reporting period.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Estonia (ODCNPI03EEA657S), retrieved from FRED.