Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Israel
Number, Monthly level, Quarterly, Not Seasonally Adjusted
ODCNPI03ILQ470N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,677,666.67
Year-over-Year Change
-21.53%
Date Range
1/1/1995 - 4/1/2018
Summary
This trend measures the monthly-level, quarterly, not seasonally adjusted number of new private housing units started in the United States. It provides insight into the health and activity of the residential construction sector.
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 Number of New Private Housing Units Started is a key indicator of residential construction and real estate market trends. It represents the initiation of new residential building projects and is used by economists and policymakers to assess the state of the housing market and broader economic conditions.
Methodology
The data is collected through a monthly survey of residential construction firms by the U.S. Census Bureau.
Historical Context
This housing starts metric is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- New housing starts averaged 1.58 million units in 2022.
- Residential construction accounts for over 3% of U.S. GDP.
- Housing starts reached a peak of 2.27 million units in January 2006.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly-level, quarterly, not seasonally adjusted number of new private housing units that have begun construction in the United States.
Q: Why is this trend relevant for users or analysts?
A: Housing starts are a crucial indicator of the health and activity in the residential construction sector, providing insights into broader economic conditions and the real estate market.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of residential construction firms conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The housing starts metric is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions, as it reflects the state of the housing market and broader economic activity.
Q: Are there update delays or limitations?
A: The housing starts data is released on a monthly basis, with a typical delay of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Number, Monthly level, Quarterly, Not Seasonally Adjusted (ODCNPI03ILQ470N), retrieved from FRED.