Not Seasonally Adjusted
Annual, Not Seasonally Adjusted
SLMNCN01DEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.44
Year-over-Year Change
-2.53%
Date Range
1/1/1991 - 1/1/2018
Summary
This economic trend measures the annual, not seasonally adjusted value of new privately owned housing units started in the United States. It is a key indicator of residential construction activity and housing market conditions.
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 'Annual, Not Seasonally Adjusted' housing starts series tracks the total number of new single-family homes, multi-family buildings, and other residential structures that began construction in a given year. This metric provides insight into the health and trajectory of the U.S. housing market.
Methodology
The data is collected through surveys of residential construction firms by the U.S. Census Bureau.
Historical Context
Housing starts are closely monitored by policymakers, analysts, and investors for their implications on economic growth, consumer demand, and inflation.
Key Facts
- Housing starts reached a peak of 2.07 million units in 2005.
- New residential construction slowed sharply during the 2008-2009 recession.
- Annual housing starts averaged 1.38 million units from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the annual total of new privately owned housing units that began construction in the United States, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Housing starts are a leading indicator of residential investment and broader economic activity, providing insight into consumer demand, construction industry health, and the trajectory of the housing market.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of residential construction firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Housing starts are closely monitored by policymakers, economists, and investors for their implications on economic growth, consumer spending, and inflationary pressures.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month lag in the release of new housing starts data by the Census Bureau.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SLMNCN01DEA661N), retrieved from FRED.