Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Norway
ODCNPI03NOA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-17.07
Year-over-Year Change
-390.25%
Date Range
1/1/1991 - 1/1/2024
Summary
This trend measures the number of construction permits issued for dwellings and residential buildings in Norway. It provides insight into the health and activity of the Norwegian construction industry.
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 Norway metric tracks the number of permits issued for new residential construction projects. It is an important leading indicator of economic activity, housing supply, and investment in the construction sector.
Methodology
The data is collected by government agencies that oversee construction permitting and housing development.
Historical Context
Policymakers and analysts use this metric to assess the outlook for the Norwegian housing and construction markets.
Key Facts
- Norway issued over 30,000 residential construction permits in 2021.
- Permits for multi-family dwellings account for the majority of new construction.
- Building permits are a leading indicator of future construction activity.
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 Norway.
Q: Why is this trend relevant for users or analysts?
A: The number of building permits is an important leading indicator of future construction activity, housing supply, and investment in the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is collected by government agencies that oversee construction permitting and housing development.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the outlook for the Norwegian housing and construction markets.
Q: Are there update delays or limitations?
A: The data may be subject to revision and publication delays typical of government statistical releases.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Norway (ODCNPI03NOA657S), retrieved from FRED.