Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Hungary
ODCNPI03HUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.76
Year-over-Year Change
-16.57%
Date Range
1/1/1998 - 7/1/2023
Summary
This economic indicator tracks the number of construction permits issued for dwellings and residential buildings in Hungary. It serves as an important leading indicator of future construction activity and housing market trends.
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 Hungary metric provides insights into the pipeline of planned residential construction projects. Economists and policymakers analyze this data to assess the health of the Hungarian housing market and broader economic conditions.
Methodology
The data is collected through official construction permit applications and records.
Historical Context
This indicator is closely monitored by Hungarian government agencies, real estate investors, and construction firms.
Key Facts
- Construction permits in Hungary reached a record high in 2019.
- Permit issuance is a leading indicator of future housing starts and investment.
- Trends in this metric are closely watched by policymakers and real estate analysts.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of construction permits issued for new dwellings and residential buildings in Hungary.
Q: Why is this trend relevant for users or analysts?
A: Permit issuance is a leading indicator of future housing construction activity, making it an important metric for assessing the health of the Hungarian housing market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through official records of construction permit applications.
Q: How is this trend used in economic policy?
A: Policymakers, real estate investors, and construction firms closely monitor this indicator to gauge future housing market and economic conditions in Hungary.
Q: Are there update delays or limitations?
A: There may be delays in reporting construction permit data, and the metric may not capture all informal or unregistered building activity.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Hungary (ODCNPI03HUQ661N), retrieved from FRED.