Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for United States
USAWSCNDW01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.81
Year-over-Year Change
-4.28%
Date Range
1/1/1959 - 3/1/2024
Summary
This economic indicator tracks the number of new construction projects started on residential dwellings in the United States. It provides valuable insights into the health and momentum of the housing and construction sectors.
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 'Construction Work Started on Dwellings' metric measures the volume of new residential building projects initiated during a given period. It serves as an important leading indicator for economists and policymakers monitoring broader trends in construction, housing, and overall economic activity.
Methodology
The data is collected through surveys of construction companies and builders.
Historical Context
This metric is closely watched by the Federal Reserve, housing industry analysts, and other economic stakeholders to gauge the strength of the real estate market and broader economic conditions.
Key Facts
- Construction work started on dwellings is a leading economic indicator.
- The metric tracks new residential building projects, not completed construction.
- Robust construction activity signals a healthy housing market and broader economy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the volume of new construction projects started on residential dwellings in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and momentum of the housing and construction sectors, making it a closely watched leading indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and builders.
Q: How is this trend used in economic policy?
A: The 'Construction Work Started on Dwellings' metric is closely monitored by the Federal Reserve, housing industry analysts, and other economic stakeholders to gauge the strength of the real estate market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with minimal update delays.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for United States (USAWSCNDW01IXOBSAM), retrieved from FRED.