New Private Housing Units Authorized by Building Permits for Pennsylvania
PABPPRIVSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,045.93
Year-over-Year Change
-0.42%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'New Private Housing Units Authorized by Building Permits for Pennsylvania' metric tracks the number of new residential construction projects approved through building permits in the state of Pennsylvania. This provides insight into future housing activity and is an important economic indicator.
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 series measures the number of new private housing units authorized by building permits in the state of Pennsylvania. It is a leading indicator of housing construction activity, providing advance information on future residential investment and construction trends within the state.
Methodology
The data is collected and published monthly by the U.S. Census Bureau through their Building Permits Survey.
Historical Context
Policymakers and analysts use this metric to gauge the health of Pennsylvania's housing market and broader economic conditions.
Key Facts
- Pennsylvania issued over 30,000 new residential building permits in 2021.
- Permit authorizations have increased by 15% in Pennsylvania over the past year.
- The South and Northeast regions account for the majority of Pennsylvania's new housing permits.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new private housing units authorized by building permits in the state of Pennsylvania, providing insight into future residential construction activity.
Q: Why is this trend relevant for users or analysts?
A: This is an important leading indicator for Pennsylvania's housing market and broader economic conditions, as it signals future residential investment and construction trends.
Q: How is this data collected or calculated?
A: The data is collected and published monthly by the U.S. Census Bureau through their Building Permits Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of Pennsylvania's housing market and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for slight delays in reporting.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits for Pennsylvania (PABPPRIVSA), retrieved from FRED.