Work Started: Construction: Dwellings and Residential Buildings: Total for Sweden
WSCNDW01SEQ470S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,366.72
Year-over-Year Change
18.15%
Date Range
1/1/1960 - 10/1/2018
Summary
The 'Work Started: Construction: Dwellings and Residential Buildings: Total for Sweden' trend measures the volume of new residential construction projects initiated in Sweden. This data is a key indicator of housing market activity and economic growth.
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 residential construction projects that have begun in Sweden, including both single-family homes and multi-unit dwellings. It is used by economists and policymakers to assess the strength of the Swedish housing market and broader economic conditions.
Methodology
The data is collected through surveys of construction firms and contractors in Sweden.
Historical Context
Trends in new residential construction are closely watched as a leading indicator of economic activity and consumer demand.
Key Facts
- Sweden is the largest housing market in Scandinavia.
- Residential construction accounts for over 5% of Sweden's GDP.
- New housing starts in Sweden reached a 10-year high in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of new residential construction projects that have started in Sweden, including both single-family homes and multi-unit dwellings.
Q: Why is this trend relevant for users or analysts?
A: Trends in new residential construction are a key indicator of housing market activity and broader economic conditions in Sweden.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and contractors in Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor new residential construction as a leading indicator of consumer demand and overall economic growth.
Q: Are there update delays or limitations?
A: The data is published with a short lag of a few months and may be subject to revisions.
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Citation
U.S. Federal Reserve, Work Started: Construction: Dwellings and Residential Buildings: Total for Sweden (WSCNDW01SEQ470S), retrieved from FRED.