Work Started: Construction: Dwellings and Residential Buildings: Total for Canada
Number, Annual, Seasonally Adjusted
WSCNDW01CAA489S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
263,262.42
Year-over-Year Change
37.43%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic indicator tracks the annual, seasonally adjusted number of new single-family homes sold in the United States. It provides valuable insights into housing market dynamics and consumer demand.
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 Number, Annual, Seasonally Adjusted series measures the total number of new single-family homes sold across the U.S. over a 12-month period, with seasonal factors removed. This metric is a key barometer of housing market health and consumer confidence.
Methodology
The data is collected through surveys of home builders and developers by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the strength of the housing sector and its broader economic implications.
Key Facts
- The annual number of new single-family home sales reached a high of 1.28 million in 2005.
- New home sales declined sharply during the 2008 financial crisis, falling to just 306,000 in 2011.
- In 2022, new home sales were approximately 640,000 on a seasonally adjusted annual basis.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total annual number of new single-family homes sold across the United States, with seasonal factors removed.
Q: Why is this trend relevant for users or analysts?
A: New home sales are a crucial barometer of housing market strength, consumer confidence, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor new home sales to assess the health of the housing sector and its implications for the overall economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Number, Annual, Seasonally Adjusted (WSCNDW01CAA489S), retrieved from FRED.