Work Started: Construction: Dwellings and Residential Buildings: Total for Norway
Number, Monthly level, Quarterly, Not Seasonally Adjusted
WSCNDW01NOQ489N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,703.33
Year-over-Year Change
13.92%
Date Range
1/1/1960 - 7/1/2018
Summary
This economic trend measures the monthly, quarterly, and non-seasonally adjusted number of new single-family houses sold in the United States. It provides valuable insights into the state of the housing market 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 New Single-Family Houses Sold indicator tracks the number of newly constructed single-family homes that are sold on a monthly and quarterly basis. This metric is a key barometer of the health and activity within the U.S. housing sector, which has broad implications for the overall economy.
Methodology
The data is collected through surveys of homebuilders and developers.
Historical Context
This housing market indicator is closely monitored by policymakers, economists, and investors to gauge consumer confidence and make informed decisions.
Key Facts
- The data is reported on a monthly and quarterly basis.
- It measures non-seasonally adjusted sales of new single-family homes.
- This indicator provides insights into housing demand and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of newly constructed single-family homes that are sold in the United States on a monthly and quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This housing market indicator is closely watched by policymakers, economists, and investors to gauge consumer confidence and activity in the housing sector, which has broad implications for the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and developers.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and investors to assess the health of the housing market and make informed decisions about economic and monetary policy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly and quarterly basis, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Number, Monthly level, Quarterly, Not Seasonally Adjusted (WSCNDW01NOQ489N), retrieved from FRED.