Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Ireland
Number, Quarterly level, Annual, Seasonally Adjusted
ODCNPI03IEA180S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,363.50
Year-over-Year Change
50.41%
Date Range
1/1/1992 - 1/1/2022
Summary
This economic trend measures the quarterly, seasonally adjusted number of new privately owned housing units started in the United States. It is a key indicator of construction activity and housing market health.
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 Housing Starts metric represents the number of new residential construction projects that began during the reported period. It is a leading economic indicator used to assess the strength of the housing sector and broader economic conditions.
Methodology
The data is collected through surveys of homebuilders and construction firms by the U.S. Census Bureau.
Historical Context
Housing Starts data is closely monitored by policymakers, investors, and analysts to gauge the pace of residential investment and forecast future economic trends.
Key Facts
- Housing Starts reached a high of 1.8 million units in January 2022.
- New home construction accounts for over 3% of U.S. GDP.
- Single-family housing starts made up 70% of the total in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new privately owned housing units that began construction during the reported period, on a seasonally adjusted quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Housing Starts is a leading indicator of residential investment and construction activity, providing insight into the health of the housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and construction firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Housing Starts data is closely monitored by policymakers, investors, and analysts to gauge the pace of residential investment and forecast future economic trends.
Q: Are there update delays or limitations?
A: The Housing Starts data is released monthly by the Census Bureau, with a typical 1-month lag between the reported period and publication.
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Citation
U.S. Federal Reserve, Number, Quarterly level, Annual, Seasonally Adjusted (ODCNPI03IEA180S), retrieved from FRED.