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FRED Graph

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NOTES

Source: U.S. Census Bureau  

Release: Housing Units Authorized By Building Permits  

Units:  Units, Seasonally Adjusted

Frequency:  Monthly

Notes:

The Federal Reserve Bank of St. Louis seasonally adjusts this series by using the 'statsmodel' library from Python with default parameter settings. The package uses the U.S. Bureau of the Census X-13ARIMA-SEATS Seasonal Adjustment Program. More information on the 'statsmodel' X-13ARIMA-SEATS package can be found here. More information on X-13ARIMA-SEATS can be found here.

Many series include both seasonally adjusted (SA) and not seasonally adjusted (NSA) data. Occasionally, updates to the data will not include sufficient seasonal factors to trigger a seasonal adjustment. In these cases, the NSA series will be updated normally; but the SA series will also be updated with the NSA data. The NSA series can be located here here.

Some seasonally adjusted series may exhibit negative values because they are created from a seasonal adjustment process regardless of the actual meaning or interpretation of the given indicator."

Suggested Citation:

U.S. Census Bureau, New Private Housing Units Authorized by Building Permits for Memphis, TN-MS-AR (MSA) [MPHBPPRIVSA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPHBPPRIVSA, January 28, 2020.

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:

Starting with the 2005-02-16 release, the series reflects an increase in the universe of permit-issuing places from 19,000 to 20,000 places.

Suggested Citation:

U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Private Housing Units Authorized by Building Permits [PERMIT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PERMIT, January 28, 2020.






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