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Line 1 - New Privately-Owned Housing Units Started: Total Units
Line 1
(a) New Privately-Owned Housing Units Started: Total Units, Thousands of Units, Seasonally Adjusted Annual Rate (HOUST)
As provided by the Census, start occurs when excavation begins for the footings or foundation of a building. All housing units in a multifamily building are defined as being started when this excavation begins. Beginning with data for September 1992, estimates of housing starts include units in structures being totally rebuilt on an existing foundation.

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    For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

    Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

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    Line 1 - New Privately-Owned Housing Units Started: Total Units
    Line 2
    (a) Households; Owners' Equity in Real Estate, Level, Billions of Dollars, Not Seasonally Adjusted (OEHRENWBSHNO)
    Source ID: FL155035065.Q For more information about the Flow of Funds tables, see the Financial Accounts Guide (https://www.federalreserve.gov/apps/fof/Default.aspx). With each quarterly release, the source may make major data and structural revisions to the series and tables. These changes are available in the Release Highlights (https://www.federalreserve.gov/apps/fof/FOFHighlight.aspx). In the Financial Accounts, the source identifies each series by a string of patterned letters and numbers. For a detailed description, including how this series is constructed, see the series analyzer (https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FL155035065&t=) provided by the source.

    Select a date that will equal 100 for your custom index:
      Enter date as YYYY-MM-DD
    to

    Write a custom formula to transform one or more series or combine two or more series.

    You can begin by adding a series to combine with your existing series.

    Type keywords to search for data

      Now create a custom formula to combine or transform the series.

      For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

      Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

      Finally, you can change the units of your new series.

      Select a date that will equal 100 for your custom index:
          Enter date as YYYY-MM-DD

      Line 1 - New Privately-Owned Housing Units Started: Total Units
      Line 3
      (a) S&P CoreLogic Case-Shiller U.S. National Home Price Index, Index Jan 2000=100, Seasonally Adjusted (CSUSHPISA)
      For more information regarding the index, please visit Standard & Poor's (https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-corelogic-cs-home-price-indices.pdf). There is more information about home price sales pairs in the Methodology section. Copyright, 2016, Standard & Poor's Financial Services LLC. Reprinted with permission.

      Select a date that will equal 100 for your custom index:
        Enter date as YYYY-MM-DD
      to

      Write a custom formula to transform one or more series or combine two or more series.

      You can begin by adding a series to combine with your existing series.

      Type keywords to search for data

        Now create a custom formula to combine or transform the series.

        For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

        Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

        Finally, you can change the units of your new series.

        Select a date that will equal 100 for your custom index:
            Enter date as YYYY-MM-DD

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        Line 1
        New Privately-Owned Housing Units Started: Total Units
        Line details & color

        Line style, thickness, color and position


        Line 2
        Households; Owners' Equity in Real Estate, Level
        Line details & color

        Line style, thickness, color and position


        Line 3
        S&P CoreLogic Case-Shiller U.S. National Home Price Index
        Line details & color

        Line style, thickness, color and position



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        Notes

        New Privately-Owned Housing Units Started: Total Units  (HOUST)

        Source: U.S. Census Bureau  

        Source: U.S. Department of Housing and Urban Development  

        Release: New Residential Construction  

        Units:  Thousands of Units, Seasonally Adjusted Annual Rate

        Frequency:  Monthly

        Notes:

        As provided by the Census, start occurs when excavation begins for the footings or foundation of a building. All housing units in a multifamily building are defined as being started when this excavation begins. Beginning with data for September 1992, estimates of housing starts include units in structures being totally rebuilt on an existing foundation.

        Suggested Citation:

        U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Started: Total Units [HOUST], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HOUST, April 10, 2025.

        Households; Owners' Equity in Real Estate, Level  (OEHRENWBSHNO)

        Source: Board of Governors of the Federal Reserve System (US)  

        Release: Z.1 Financial Accounts of the United States  

        Units:  Billions of Dollars, Not Seasonally Adjusted

        Frequency:  Quarterly, End of Period

        Notes:

        Source ID: FL155035065.Q

        For more information about the Flow of Funds tables, see the Financial Accounts Guide.

        With each quarterly release, the source may make major data and structural revisions to the series and tables. These changes are available in the Release Highlights.

        In the Financial Accounts, the source identifies each series by a string of patterned letters and numbers. For a detailed description, including how this series is constructed, see the series analyzer provided by the source.

        Suggested Citation:

        Board of Governors of the Federal Reserve System (US), Households; Owners' Equity in Real Estate, Level [OEHRENWBSHNO], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/OEHRENWBSHNO, April 10, 2025.

        S&P CoreLogic Case-Shiller U.S. National Home Price Index  (CSUSHPISA)

        Source: S&P Dow Jones Indices LLC  

        Release: S&P CoreLogic Case-Shiller Home Price Indices  

        Units:  Index Jan 2000=100, Seasonally Adjusted

        Frequency:  Monthly

        Notes:

        For more information regarding the index, please visit Standard & Poor's. There is more information about home price sales pairs in the Methodology section. Copyright, 2016, Standard & Poor's Financial Services LLC. Reprinted with permission.

        Suggested Citation:

        S&P Dow Jones Indices LLC, S&P CoreLogic Case-Shiller U.S. National Home Price Index [CSUSHPISA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CSUSHPISA, April 10, 2025.

        Release Tables

        New Residential Construction
        S&P CoreLogic Case-Shiller Home Price Indices
        Z.1 Financial Accounts of the United States

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        Other Formats

        New Privately-Owned Housing Units Started: Total Units

        Monthly, Not Seasonally Adjusted

        Households; Owners' Equity in Real Estate, Level

        Millions of Dollars, Annual, Not Seasonally Adjusted

        S&P CoreLogic Case-Shiller U.S. National Home Price Index

        Monthly, Not Seasonally Adjusted

        Related Categories

        Housing Starts Housing Production & Business Activity B.101 Balance Sheet of Households and Nonprofit Organizations Flow of Funds National Accounts House Price Indexes Prices

        Releases

        More Series from New Residential Construction More Series from Z.1 Financial Accounts of the United States More Series from S&P CoreLogic Case-Shiller Home Price Indices

        Tags

        Housing Starts Privately Owned New Residential Construction Housing and Urban Development Headline Figure New Housing Seasonally Adjusted Census Monthly Nation Public Domain: Citation Requested United States of America Net Worth Balance Sheet Nonprofit Organizations Equity Real Estate Net Z.1 US Financial Accounts Households Board of Governors Quarterly Not Seasonally Adjusted S&P/Case-Shiller Home Price Indices S&P Dow Jones Indices LLC Copyrighted: Pre-Approval Required House Price Index Price Index Indexes Price

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