Federal Reserve Economic Data: Your trusted data source since 1991

New Private Housing Units Authorized by Building Permits for New Jersey (NJBPPRIVSA)

Observation:

Jan 2024: 3,391.84132 (+ more)   Updated: Mar 12, 2024
Jan 2024:  3,391.84132  
Dec 2023:  2,274.46098  
Nov 2023:  1,867.06806  
Oct 2023:  2,650.26371  
Sep 2023:  2,311.74592  
View All

Units:

Units,
Seasonally Adjusted

Frequency:

Monthly

NOTES

Source: U.S. Census Bureau  

Release: Housing Units Authorized By Building Permits  

Units:  Units, Seasonally Adjusted

Frequency:  Monthly

Notes:

This series represents the total number of building permits for all structure types. Structure types include 1-unit, 2-unit, 3-unit, 4-unit, and 5-unit or more.

The Federal Reserve Bank of St. Louis seasonally adjusts this series by using the 'statsmodels' 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 'statsmodels' 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 New Jersey [NJBPPRIVSA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/NJBPPRIVSA, March 19, 2024.

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