Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Sweden
ODCNPI03SEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.70
Year-over-Year Change
-94.41%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the number of construction permits issued for dwellings and residential buildings in Sweden. It serves as an important indicator of future construction activity and overall economic 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 Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Sweden metric tracks the number of permits granted for the construction of new residential buildings and housing units. This data point is a leading indicator of future construction activity and investment.
Methodology
The data is collected through administrative records and surveys of local government authorities responsible for issuing construction permits.
Historical Context
Policymakers and economists monitor this trend to assess the strength of the housing market and broader economic conditions.
Key Facts
- Sweden issued over 50,000 construction permits in 2021.
- Permits for multi-family dwellings account for over 60% of total permits.
- Construction permit issuance has grown by 25% over the past 5 years.
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 Sweden.
Q: Why is this trend relevant for users or analysts?
A: The construction permit data is a leading indicator of future building activity and investment, providing insight into the strength of the housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected from administrative records and surveys of local authorities responsible for issuing construction permits.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the state of the housing market and make informed decisions about economic policy, such as interest rates and housing incentives.
Q: Are there update delays or limitations?
A: The data is published with a brief lag, typically 1-2 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Sweden (ODCNPI03SEA657S), retrieved from FRED.