Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Israel
ODCNPI03ILQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.16
Year-over-Year Change
-18.73%
Date Range
1/1/1996 - 1/1/2025
Summary
This economic trend measures the number of construction permits issued for dwellings and residential buildings in Israel. It is a key indicator of future construction activity and housing market 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
The Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Israel measures the volume of approved building permits for new residential construction projects. This data is used by economists and policymakers to assess the strength of the housing sector and forecast future construction and investment.
Methodology
The data is collected by government agencies through permit application records.
Historical Context
Trends in construction permits provide insight into the health of the real estate market and broader economic conditions.
Key Facts
- Construction permits in Israel reached a peak in 2018.
- Permit approvals declined during the COVID-19 pandemic.
- The construction sector accounts for over 5% of Israel's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of construction permits issued for new dwellings and residential buildings in Israel.
Q: Why is this trend relevant for users or analysts?
A: Trends in construction permits provide insights into the strength of the housing market and future construction activity, which are important indicators of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by government agencies through permit application records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the health of the real estate sector and make informed decisions about housing and construction policies.
Q: Are there update delays or limitations?
A: There may be delays in reporting construction permit data, and the data may not capture all permit activity.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Israel (ODCNPI03ILQ659S), retrieved from FRED.