Work Started: Construction: Dwellings and Residential Buildings: Total for Spain
WSCNDW01ESA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.42
Year-over-Year Change
410.26%
Date Range
1/1/1973 - 1/1/2017
Summary
The 'Work Started: Construction: Dwellings and Residential Buildings: Total for Spain' trend measures the volume of new construction projects initiated for dwellings and residential buildings in Spain. This metric provides insights into the health of the Spanish housing and real estate 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
This series tracks the total number of new construction projects started for private and public dwellings, as well as residential buildings, in Spain. It is a leading indicator of future construction activity and housing supply, which is closely monitored by economists, policymakers, and real estate analysts.
Methodology
The data is collected through surveying construction firms and developers across Spain.
Historical Context
Trends in residential construction starts are used to assess the state of the Spanish housing market and broader economic conditions.
Key Facts
- Construction starts in Spain declined 10% in 2020 due to the COVID-19 pandemic.
- The residential construction sector accounts for approximately 5% of Spain's GDP.
- Spain aims to build 100,000 new affordable housing units by 2024 to address shortages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of new construction projects initiated for dwellings and residential buildings in Spain.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of the Spanish housing and real estate sectors, which are important drivers of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveying construction firms and developers across Spain.
Q: How is this trend used in economic policy?
A: Trends in residential construction starts are used to assess the state of the Spanish housing market and broader economic conditions, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in availability.
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Citation
U.S. Federal Reserve, Work Started: Construction: Dwellings and Residential Buildings: Total for Spain (WSCNDW01ESA659S), retrieved from FRED.