New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Pennsylvania
PABP1FH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,469.00
Year-over-Year Change
-8.70%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Pennsylvania' series tracks the number of new single-family home construction projects authorized by building permits in the state of Pennsylvania. This metric is a leading indicator of residential investment and construction activity.
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
This economic trend represents the number of privately-owned new single-family housing units authorized by building permits in Pennsylvania. It is an important barometer of residential construction and development, signaling changes in housing supply, consumer demand, and broader economic conditions.
Methodology
The data is collected through a monthly survey of local building permit offices.
Historical Context
Policymakers and economists monitor this metric to gauge the health of the Pennsylvania housing market and make informed decisions.
Key Facts
- Pennsylvania issued over 12,000 single-family building permits in 2021.
- Permit authorizations declined by 8.5% from 2020 to 2021.
- The series has been tracked since 1988.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new privately-owned single-family housing units authorized by building permits in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important leading indicator of residential construction activity and investment in Pennsylvania, signaling changes in housing supply, consumer demand, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of local building permit offices.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to gauge the health of the Pennsylvania housing market and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Pennsylvania (PABP1FH), retrieved from FRED.