Tag Archives: new residential construction

New Monthly Residential Construction by Metro Updates

.. tools, data & methods to assess the housing situation, examine housing supply and demand market conditions, and how metros of interest are changing.  New July 2016 building permits (new housing units authorized) and over-the year monthly data are now available for each metropolitan statistical area (MSA).

Use the interactive table to view, query, rank, compare data by metro. Map and geospatially analyze construction patterns with the CV XE GIS software and ready-to-use GIS project/datasets – see details.

Updated Resources to Examine Residential Construction Patterns
Metro Situation & Outlook Reports
.. metro by metro … examples: Houston, Los Angeles, Chicago, Atlanta.
County Annual U.S. by county
County & City/Place Monthly

Patterns of New Authorized Residential Units by Metropolitan Area
The following graphic shows value of single unit structures units authorized  by metro. Larger view shows more details including a mini-profile of housing units authorized detail. Create similar views for preferred time periods and different residential unit attributes using the GIS project.  Zoom-in to areas of interest.  Label the geography as desired.  Add your own data.

View created with CV XE GIS. Click graphic for larger view.

The time lag from reference date to access date of these data is one month, contributing to both the freshness of the data and importance of the data as a leading economic indicator. The importance of these data transcends issues concerning housing market conditions alone.  These data are one part of a mix of demographic-economic factors required to understand housing market conditions and the local/regional economy. These data are a part of the process to develop the ProximityOne county and sub-county demographic-economic estimates and projections.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

New Residential Construction by County

.. what’s happening in the north Dallas metro? .. a lot, take a look at the patterns of new residential construction for Collin and Denton counties using data and tools presented in this section. Examine new residential construction, leading economic indicator, for counties and regions of interest to you anywhere in the U.S. Use of the Regional Demographic-Economic Modeling System (RDEMS) to examine patterns of residential construction in context of related wide-ranging, multi-sourced data.

This section provides a summary of new housing units authorized by building permits for new residential construction for each/all counties. Use data analytics tools and data described here analyze these data and related housing issues.
• interactive data analytics – details/access
• use GIS project/datasets – details/access
• access individual county profiles – details/access

Patterns of New Authorized Residential Units by County
The following graphic shows the 2015 per capita value of total units authorized by county. The four largest Texas metros are shown with bold brown boundaries.
See about subject matter included in datasets.

View created with CV XE GIS. Click graphic for larger view.

Additional views with counties labeled with name, 2015 housing units and 2015 total new housing units authorized.
Charlotte, NC-SC metro by county
Dallas, TX metro by county
Houston, TX metro by county

Leading Economic Indicator
Building permit data (housing units authorized by building permits for new residential construction) are economic leading indicators. Investors and housing developers use these data to examine the characteristics and trends in new residential housing development. The short time lag between the data reference date and data access date, 1-2 months, makes this set of indicators important in assessing the current situation and patterns during the past year or more. The national scope coverage and geographic granularity (state, metro, county and city) enable comparison among types of areas and peer groups. Finance and real estate professional and researchers examine building permit patterns to develop strategic insights. Government and policy makers use these data to get a pulse on markets and changing patterns to administer programs and operations. See more about these data below in this section.

New residential construction begins with building permits. Overall U.S. housing starts are approximately 2.5% less than permits issued (22.5% less for multi-family units). Completions are approximately 4% less than starts (7.5% less for multi-family units). During the past year-plus, “residential fixed investment” has been approximately $500 billion and remained steady at 3.1% of real Gross Domestic Product.

Access Individual County Profiles
The following graphic illustrates use of the Regional Demographic-Economic Modeling System (RDEMS) to access the HSG1 Housing Units & New Residential Construction tables for a selected county. Click graphic for larger view.

Mecklenburg County, NC [37119] located in the Charlotte, NC-SC metro

Add a link to your Web page for areas of interest: The URL structure for Mecklenburg County is:
http://proximityone.com/rdems/1/rdems37119hsg1.htm
– more in general, substitute the county state+county FIPS code (37119 in this case) to access a county of interest.

Using the Interactive Table
The interactive table includes a row for each county. Column structure and content are described below the table.
• Click the StCty link to view the housing unit/new construction profile.
• Select a metro to examine component counties

The following graphic illustrtaes use of the table to examine characteristics of the Dallas metro counties. Click graphic for larger view.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Staying Ahead of the Data in 2016

.. effective use of information in anticipation of data releases .. The Federal statistical system uses scheduled release dates for wide-ranging statistical data. Anticipation of the implications of the data by users builds ahead of the actual release date. This section reviews major statistical release dates to help stakeholders “stay ahead of the data” and be prepared to make better use of the data. The continuously updated Statistical Release Dates for 2016 table can be a useful reference throughout the year.

Anticipation of Data Releases & Implications of the Data
Each month, stakeholders around the world watch for news about the Jobs Report, the Employment Situation, data developed by the Bureau of Labor Statistics. The Employment Situation is one of many key economic measures used to assess the strength and direction of the U.S. economy.

For the November 2015 Jobs Report, released December 4, 2015, the New York Times December 2nd story reflected “In the United States, most of the focus will be on the November jobs report, to be released Friday. Expectations are high.”

Many, convinced that the November data would be good news, took action in advance of the actual data release. The New York Times December 4th story “The U.S. economy created 211,000 jobs in November … The numbers did not disappoint … U.S. stocks jumped more than 2 percent … Stocks rallied in a sign investors are taking their cue from economic performance …” The Jobs Report is but one of many with monthly implications for planning and decision-making.

Staying Ahead of the Data
Planning in advance of the statistical release dates can often be as important as taking action based on what the numbers actually say. Upon the actual data release, a CEO might ask, “what do these data mean for our company and what might be the impact on us?” Good opportunities might have passed by that time. And, in the face of less positive news, the opportunity to take action might have passed.

Statistical Release Dates for 2016
See the full 2016 calendar. The graphic below shows a partial view of the 2016 data release dates. Items include selected key Federal and other demographic-economic statistics and related geographic data. The list builds on the list of “Principal Federal Economic Indicators” prepared by OMB. That list was developed in part to prevent early access to information that may affect financial and commodity markets and preserve the distinction between the policy-neutral release of data by statistical agencies and their interpretation by policy officials.


– click graphic to view full table.

Each row in the table shows dates for data releases. The table will update throughout 2016 and knits together with the ProximityOne calendar. The “Staying Ahead of the Data” section in the Metropolitan Area Situation & Outlook Reportsreviews upcoming data releases and anticipates the possible effects on that metropolitan area.

Join me in a Data Analytics Lab session to discuss accessing, integrating and using these data with other data that relate to your situation.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Metropolitan Area New Residential Construction

New residential construction begins with building permits. Overall U.S. housing starts are approximately 2.5% less than permits issued (22.5% less for multi-family units). Completions are approximately 4% less than starts (7.5% less for multi-family units). During the past year-plus, “residential fixed investment” has been approximately $500 billion and remained steady at 3.1% of real Gross Domestic Product. Our focus here is on data and tools to analyze new authorized residential construction activity by metro — how might changing patterns affect you — in your metros of interest? Where are areas of highest growth by type of units in structure? What is the value of new construction; how is it trending in selected metros? See related Web section for more detail and interactive data access.

Visual Analysis of New Residential Construction by Metro
This view shows the November 2014 total building permits per 1,000 housing units (2013 estimate) by Metropolitan Statistical Area (MSA).

View created with CV XE GIS. Click graphic for larger view.

Building permit data (housing units authorized by building permits for new residential construction) are economic leading indicators. Investors and housing developers use these data to examine the characteristics and trends in new residential housing development. Finance and real estate professional and researchers examine building permit patterns to develop strategic insights. Government and policy makers use these data to get a pulse on markets and changing patterns to administer programs and operations. Important strengths of building permits data include very recent/current data. There is a very short time lag between the data accessibility and the reference date (November building permit data are available in December). Geographic coverage and granularity are also strengths with national scope coverage by state, metro, county and city. Seemore about these data below in this section.

Accessing & Using New Authorized Residential Construction Data
Monthly building permits data are part of the Situation & Outlook (S&O) database and information system. Access/analyze these data in context of related geographic, demographic, economic and business data. This section provides no fee access to these data via interactive table, downloadable data and GIS project. Find upcoming release dates using the Calendar and related Find Event tool.

Interactive Data Analysis
Use the interactive table to view, query, rank, compare building permit data by metropolitan area. Data are provided in the interactive table by month for January 2014 forward. Earlier data are not available for the current vintage metropolitan areas.

The following graphic illustrates use of the table. The Year/Month May 2014 is selected. Metros are then ranked in descending order on Total Units. The Houston metro (blue highlighted) had the largest number of new authorized units (5,081) among all MSAs in May 2014. Select other measures of interest to rank/compare metros.


Click graphic for larger view.

Metropolitan Area New Residential Construction GIS Project
Use the U.S. by Metropolitan Area New Authorized Residential Construction GIS project to create thematic pattern views similar to the one shown above. Zoom-in to any metro/region. Add your own data; change colors, labeling, subject matter used for pattern analysis. See details in this related Web section.

New Residential Construction Data in Metro Profiles
Building permit data are updated monthly and are a part of the S&O MetroDynamics Database and Information System. View the MetroDynamics Metro Profiles that show building permits data contextually with other geographic, demographic, economic and business data. Click a metro link in column 2 of the metro interactive table to view a Metro Profile for a metro of interest. The building permits section is populated only for Metropolitan Statistical Areas. Examples: HoustonLos AngelesSan FranciscoAtlanta.

More About These Data
See additional information about these data and their use.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. By academic background an econometrician, he has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data.