Gross Private Domestic Investment in New Construction, Residential Nonfarm for United States
Q02170USQ242NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.00
Year-over-Year Change
2.94%
Date Range
1/1/1939 - 10/1/1967
Summary
This economic trend measures investment in new residential construction in the United States, excluding farms. It is a key indicator of housing market activity and overall economic growth.
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
Gross Private Domestic Investment in New Construction, Residential Nonfarm tracks investment by private entities in the construction of new housing units in the United States, excluding agricultural properties. This metric is widely used by economists and policymakers to assess the health of the housing sector and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This residential investment metric informs decisions by the Federal Reserve, housing agencies, and other institutions focused on economic and market trends.
Key Facts
- Investment in new residential construction accounts for over 3% of U.S. GDP.
- Residential investment has historically led broader economic cycles.
- Housing starts are a leading indicator for this investment metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures investment by private entities in the construction of new residential housing units in the United States, excluding farms.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of housing market activity and overall economic growth, informing decisions by policymakers, housing agencies, and other institutions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This residential investment metric is used by the Federal Reserve, housing agencies, and other institutions to assess the health of the housing sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release delay of 1-2 months.
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Citation
U.S. Federal Reserve, Gross Private Domestic Investment in New Construction, Residential Nonfarm for United States (Q02170USQ242NNBR), retrieved from FRED.