{
  "meta": {
    "source": "Federal Reserve Bank of St. Louis (FRED), compiling U.S. Census Bureau and Bureau of Labor Statistics series",
    "sourceUrl": "https://fred.stlouisfed.org/",
    "description": "Monthly U.S. residential construction indicators: single-family starts and permits, residential construction spending, construction employment and hourly earnings, the construction materials producer price index, and the median sale price of new houses. Each series carries its latest observation, year-over-year and five-year change, and a 60-month history.",
    "originalSources": "U.S. Census Bureau (starts, permits, spending, new-home prices); U.S. Bureau of Labor Statistics (employment, earnings, PPI)",
    "latestObservation": "2026-07-01",
    "historyMonths": 60,
    "escalationNote": "See the escalation block for how the Census benchmark year is restated in current-year terms.",
    "retrieved": "2026-08-24",
    "note": "Rates marked \"seasonally adjusted annual rate\" are annualised from a single month and are not a count of what was built that month. Series are revised by the issuing agency after first publication."
  },
  "indicators": {
    "singleFamilyStarts": {
      "seriesId": "HOUST1F",
      "label": "Single-family housing starts",
      "fredTitle": "New Privately-Owned Housing Units Started: Single-Family Units",
      "unit": "thousands of units, seasonally adjusted annual rate",
      "latest": {
        "date": "2026-07-01",
        "value": 808
      },
      "yearAgo": {
        "date": "2025-07-01",
        "value": 959
      },
      "changeYoYPct": -15.7,
      "change5yrPct": -29.4,
      "fiveYearHigh": 1214,
      "fiveYearLow": 791,
      "history": [
        {
          "date": "2021-08-01",
          "value": 1107
        },
        {
          "date": "2021-09-01",
          "value": 1098
        },
        {
          "date": "2021-10-01",
          "value": 1108
        },
        {
          "date": "2021-11-01",
          "value": 1214
        },
        {
          "date": "2021-12-01",
          "value": 1169
        },
        {
          "date": "2022-01-01",
          "value": 1172
        },
        {
          "date": "2022-02-01",
          "value": 1193
        },
        {
          "date": "2022-03-01",
          "value": 1166
        },
        {
          "date": "2022-04-01",
          "value": 1202
        },
        {
          "date": "2022-05-01",
          "value": 1052
        },
        {
          "date": "2022-06-01",
          "value": 1013
        },
        {
          "date": "2022-07-01",
          "value": 911
        },
        {
          "date": "2022-08-01",
          "value": 927
        },
        {
          "date": "2022-09-01",
          "value": 892
        },
        {
          "date": "2022-10-01",
          "value": 876
        },
        {
          "date": "2022-11-01",
          "value": 791
        },
        {
          "date": "2022-12-01",
          "value": 850
        },
        {
          "date": "2023-01-01",
          "value": 832
        },
        {
          "date": "2023-02-01",
          "value": 817
        },
        {
          "date": "2023-03-01",
          "value": 829
        },
        {
          "date": "2023-04-01",
          "value": 869
        },
        {
          "date": "2023-05-01",
          "value": 1003
        },
        {
          "date": "2023-06-01",
          "value": 940
        },
        {
          "date": "2023-07-01",
          "value": 1007
        },
        {
          "date": "2023-08-01",
          "value": 959
        },
        {
          "date": "2023-09-01",
          "value": 978
        },
        {
          "date": "2023-10-01",
          "value": 987
        },
        {
          "date": "2023-11-01",
          "value": 1124
        },
        {
          "date": "2023-12-01",
          "value": 1024
        },
        {
          "date": "2024-01-01",
          "value": 1016
        },
        {
          "date": "2024-02-01",
          "value": 1140
        },
        {
          "date": "2024-03-01",
          "value": 1031
        },
        {
          "date": "2024-04-01",
          "value": 1051
        },
        {
          "date": "2024-05-01",
          "value": 995
        },
        {
          "date": "2024-06-01",
          "value": 979
        },
        {
          "date": "2024-07-01",
          "value": 879
        },
        {
          "date": "2024-08-01",
          "value": 1016
        },
        {
          "date": "2024-09-01",
          "value": 1052
        },
        {
          "date": "2024-10-01",
          "value": 958
        },
        {
          "date": "2024-11-01",
          "value": 1010
        },
        {
          "date": "2024-12-01",
          "value": 1056
        },
        {
          "date": "2025-01-01",
          "value": 1002
        },
        {
          "date": "2025-02-01",
          "value": 1094
        },
        {
          "date": "2025-03-01",
          "value": 939
        },
        {
          "date": "2025-04-01",
          "value": 953
        },
        {
          "date": "2025-05-01",
          "value": 945
        },
        {
          "date": "2025-06-01",
          "value": 925
        },
        {
          "date": "2025-07-01",
          "value": 959
        },
        {
          "date": "2025-08-01",
          "value": 873
        },
        {
          "date": "2025-09-01",
          "value": 837
        },
        {
          "date": "2025-10-01",
          "value": 893
        },
        {
          "date": "2025-11-01",
          "value": 929
        },
        {
          "date": "2025-12-01",
          "value": 946
        },
        {
          "date": "2026-01-01",
          "value": 894
        },
        {
          "date": "2026-02-01",
          "value": 923
        },
        {
          "date": "2026-03-01",
          "value": 1017
        },
        {
          "date": "2026-04-01",
          "value": 914
        },
        {
          "date": "2026-05-01",
          "value": 889
        },
        {
          "date": "2026-06-01",
          "value": 897
        },
        {
          "date": "2026-07-01",
          "value": 808
        }
      ]
    },
    "singleFamilyPermits": {
      "seriesId": "PERMIT1",
      "label": "Single-family building permits",
      "fredTitle": "New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Single-Family Units",
      "unit": "thousands of units, seasonally adjusted annual rate",
      "latest": {
        "date": "2026-07-01",
        "value": 894
      },
      "yearAgo": {
        "date": "2025-07-01",
        "value": 884
      },
      "changeYoYPct": 1.1,
      "change5yrPct": -16.4,
      "fiveYearHigh": 1245,
      "fiveYearLow": 738,
      "history": [
        {
          "date": "2021-08-01",
          "value": 1069
        },
        {
          "date": "2021-09-01",
          "value": 1064
        },
        {
          "date": "2021-10-01",
          "value": 1090
        },
        {
          "date": "2021-11-01",
          "value": 1131
        },
        {
          "date": "2021-12-01",
          "value": 1139
        },
        {
          "date": "2022-01-01",
          "value": 1245
        },
        {
          "date": "2022-02-01",
          "value": 1181
        },
        {
          "date": "2022-03-01",
          "value": 1129
        },
        {
          "date": "2022-04-01",
          "value": 1084
        },
        {
          "date": "2022-05-01",
          "value": 1036
        },
        {
          "date": "2022-06-01",
          "value": 957
        },
        {
          "date": "2022-07-01",
          "value": 931
        },
        {
          "date": "2022-08-01",
          "value": 890
        },
        {
          "date": "2022-09-01",
          "value": 862
        },
        {
          "date": "2022-10-01",
          "value": 841
        },
        {
          "date": "2022-11-01",
          "value": 789
        },
        {
          "date": "2022-12-01",
          "value": 738
        },
        {
          "date": "2023-01-01",
          "value": 755
        },
        {
          "date": "2023-02-01",
          "value": 794
        },
        {
          "date": "2023-03-01",
          "value": 838
        },
        {
          "date": "2023-04-01",
          "value": 874
        },
        {
          "date": "2023-05-01",
          "value": 925
        },
        {
          "date": "2023-06-01",
          "value": 959
        },
        {
          "date": "2023-07-01",
          "value": 967
        },
        {
          "date": "2023-08-01",
          "value": 977
        },
        {
          "date": "2023-09-01",
          "value": 985
        },
        {
          "date": "2023-10-01",
          "value": 982
        },
        {
          "date": "2023-11-01",
          "value": 994
        },
        {
          "date": "2023-12-01",
          "value": 1008
        },
        {
          "date": "2024-01-01",
          "value": 1036
        },
        {
          "date": "2024-02-01",
          "value": 1022
        },
        {
          "date": "2024-03-01",
          "value": 980
        },
        {
          "date": "2024-04-01",
          "value": 981
        },
        {
          "date": "2024-05-01",
          "value": 962
        },
        {
          "date": "2024-06-01",
          "value": 955
        },
        {
          "date": "2024-07-01",
          "value": 953
        },
        {
          "date": "2024-08-01",
          "value": 973
        },
        {
          "date": "2024-09-01",
          "value": 963
        },
        {
          "date": "2024-10-01",
          "value": 964
        },
        {
          "date": "2024-11-01",
          "value": 971
        },
        {
          "date": "2024-12-01",
          "value": 985
        },
        {
          "date": "2025-01-01",
          "value": 982
        },
        {
          "date": "2025-02-01",
          "value": 979
        },
        {
          "date": "2025-03-01",
          "value": 964
        },
        {
          "date": "2025-04-01",
          "value": 923
        },
        {
          "date": "2025-05-01",
          "value": 902
        },
        {
          "date": "2025-06-01",
          "value": 873
        },
        {
          "date": "2025-07-01",
          "value": 884
        },
        {
          "date": "2025-08-01",
          "value": 867
        },
        {
          "date": "2025-09-01",
          "value": 888
        },
        {
          "date": "2025-10-01",
          "value": 886
        },
        {
          "date": "2025-11-01",
          "value": 908
        },
        {
          "date": "2025-12-01",
          "value": 892
        },
        {
          "date": "2026-01-01",
          "value": 879
        },
        {
          "date": "2026-02-01",
          "value": 929
        },
        {
          "date": "2026-03-01",
          "value": 895
        },
        {
          "date": "2026-04-01",
          "value": 881
        },
        {
          "date": "2026-05-01",
          "value": 892
        },
        {
          "date": "2026-06-01",
          "value": 872
        },
        {
          "date": "2026-07-01",
          "value": 894
        }
      ]
    },
    "residentialSpending": {
      "seriesId": "PRRESCONS",
      "label": "Private residential construction spending",
      "fredTitle": "Total Private Construction Spending: Residential",
      "unit": "millions of dollars, seasonally adjusted annual rate",
      "latest": {
        "date": "2026-06-01",
        "value": 877118
      },
      "yearAgo": {
        "date": "2025-06-01",
        "value": 920447
      },
      "changeYoYPct": -4.7,
      "change5yrPct": 10.9,
      "fiveYearHigh": 976620,
      "fiveYearLow": 807384,
      "history": [
        {
          "date": "2021-07-01",
          "value": 807384
        },
        {
          "date": "2021-08-01",
          "value": 811687
        },
        {
          "date": "2021-09-01",
          "value": 822007
        },
        {
          "date": "2021-10-01",
          "value": 833415
        },
        {
          "date": "2021-11-01",
          "value": 857276
        },
        {
          "date": "2021-12-01",
          "value": 885007
        },
        {
          "date": "2022-01-01",
          "value": 913096
        },
        {
          "date": "2022-02-01",
          "value": 933905
        },
        {
          "date": "2022-03-01",
          "value": 956911
        },
        {
          "date": "2022-04-01",
          "value": 968119
        },
        {
          "date": "2022-05-01",
          "value": 976620
        },
        {
          "date": "2022-06-01",
          "value": 955222
        },
        {
          "date": "2022-07-01",
          "value": 931116
        },
        {
          "date": "2022-08-01",
          "value": 915965
        },
        {
          "date": "2022-09-01",
          "value": 896034
        },
        {
          "date": "2022-10-01",
          "value": 886686
        },
        {
          "date": "2022-11-01",
          "value": 873088
        },
        {
          "date": "2022-12-01",
          "value": 859107
        },
        {
          "date": "2023-01-01",
          "value": 853653
        },
        {
          "date": "2023-02-01",
          "value": 846931
        },
        {
          "date": "2023-03-01",
          "value": 849744
        },
        {
          "date": "2023-04-01",
          "value": 851416
        },
        {
          "date": "2023-05-01",
          "value": 859643
        },
        {
          "date": "2023-06-01",
          "value": 867410
        },
        {
          "date": "2023-07-01",
          "value": 878690
        },
        {
          "date": "2023-08-01",
          "value": 880985
        },
        {
          "date": "2023-09-01",
          "value": 878008
        },
        {
          "date": "2023-10-01",
          "value": 882716
        },
        {
          "date": "2023-11-01",
          "value": 894367
        },
        {
          "date": "2023-12-01",
          "value": 892203
        },
        {
          "date": "2024-01-01",
          "value": 914983
        },
        {
          "date": "2024-02-01",
          "value": 931576
        },
        {
          "date": "2024-03-01",
          "value": 925783
        },
        {
          "date": "2024-04-01",
          "value": 932703
        },
        {
          "date": "2024-05-01",
          "value": 941013
        },
        {
          "date": "2024-06-01",
          "value": 941035
        },
        {
          "date": "2024-07-01",
          "value": 934361
        },
        {
          "date": "2024-08-01",
          "value": 927519
        },
        {
          "date": "2024-09-01",
          "value": 943027
        },
        {
          "date": "2024-10-01",
          "value": 936624
        },
        {
          "date": "2024-11-01",
          "value": 924911
        },
        {
          "date": "2024-12-01",
          "value": 928730
        },
        {
          "date": "2025-01-01",
          "value": 927455
        },
        {
          "date": "2025-02-01",
          "value": 927994
        },
        {
          "date": "2025-03-01",
          "value": 920153
        },
        {
          "date": "2025-04-01",
          "value": 913633
        },
        {
          "date": "2025-05-01",
          "value": 913616
        },
        {
          "date": "2025-06-01",
          "value": 920447
        },
        {
          "date": "2025-07-01",
          "value": 927091
        },
        {
          "date": "2025-08-01",
          "value": 926942
        },
        {
          "date": "2025-09-01",
          "value": 931223
        },
        {
          "date": "2025-10-01",
          "value": 921719
        },
        {
          "date": "2025-11-01",
          "value": 916058
        },
        {
          "date": "2025-12-01",
          "value": 930361
        },
        {
          "date": "2026-01-01",
          "value": 912191
        },
        {
          "date": "2026-02-01",
          "value": 907431
        },
        {
          "date": "2026-03-01",
          "value": 918206
        },
        {
          "date": "2026-04-01",
          "value": 882091
        },
        {
          "date": "2026-05-01",
          "value": 879883
        },
        {
          "date": "2026-06-01",
          "value": 877118
        }
      ]
    },
    "constructionEmployment": {
      "seriesId": "USCONS",
      "label": "Construction employment",
      "fredTitle": "All Employees, Construction",
      "unit": "thousands of persons, seasonally adjusted",
      "latest": {
        "date": "2026-07-01",
        "value": 8343
      },
      "yearAgo": {
        "date": "2025-07-01",
        "value": 8261
      },
      "changeYoYPct": 1,
      "change5yrPct": 12.4,
      "fiveYearHigh": 8343,
      "fiveYearLow": 7432,
      "history": [
        {
          "date": "2021-08-01",
          "value": 7432
        },
        {
          "date": "2021-09-01",
          "value": 7484
        },
        {
          "date": "2021-10-01",
          "value": 7518
        },
        {
          "date": "2021-11-01",
          "value": 7562
        },
        {
          "date": "2021-12-01",
          "value": 7595
        },
        {
          "date": "2022-01-01",
          "value": 7595
        },
        {
          "date": "2022-02-01",
          "value": 7651
        },
        {
          "date": "2022-03-01",
          "value": 7692
        },
        {
          "date": "2022-04-01",
          "value": 7698
        },
        {
          "date": "2022-05-01",
          "value": 7738
        },
        {
          "date": "2022-06-01",
          "value": 7761
        },
        {
          "date": "2022-07-01",
          "value": 7792
        },
        {
          "date": "2022-08-01",
          "value": 7801
        },
        {
          "date": "2022-09-01",
          "value": 7832
        },
        {
          "date": "2022-10-01",
          "value": 7847
        },
        {
          "date": "2022-11-01",
          "value": 7863
        },
        {
          "date": "2022-12-01",
          "value": 7885
        },
        {
          "date": "2023-01-01",
          "value": 7932
        },
        {
          "date": "2023-02-01",
          "value": 7943
        },
        {
          "date": "2023-03-01",
          "value": 7926
        },
        {
          "date": "2023-04-01",
          "value": 7955
        },
        {
          "date": "2023-05-01",
          "value": 7965
        },
        {
          "date": "2023-06-01",
          "value": 8006
        },
        {
          "date": "2023-07-01",
          "value": 8016
        },
        {
          "date": "2023-08-01",
          "value": 8042
        },
        {
          "date": "2023-09-01",
          "value": 8053
        },
        {
          "date": "2023-10-01",
          "value": 8080
        },
        {
          "date": "2023-11-01",
          "value": 8088
        },
        {
          "date": "2023-12-01",
          "value": 8100
        },
        {
          "date": "2024-01-01",
          "value": 8123
        },
        {
          "date": "2024-02-01",
          "value": 8132
        },
        {
          "date": "2024-03-01",
          "value": 8164
        },
        {
          "date": "2024-04-01",
          "value": 8170
        },
        {
          "date": "2024-05-01",
          "value": 8176
        },
        {
          "date": "2024-06-01",
          "value": 8196
        },
        {
          "date": "2024-07-01",
          "value": 8208
        },
        {
          "date": "2024-08-01",
          "value": 8236
        },
        {
          "date": "2024-09-01",
          "value": 8254
        },
        {
          "date": "2024-10-01",
          "value": 8262
        },
        {
          "date": "2024-11-01",
          "value": 8267
        },
        {
          "date": "2024-12-01",
          "value": 8276
        },
        {
          "date": "2025-01-01",
          "value": 8264
        },
        {
          "date": "2025-02-01",
          "value": 8267
        },
        {
          "date": "2025-03-01",
          "value": 8273
        },
        {
          "date": "2025-04-01",
          "value": 8271
        },
        {
          "date": "2025-05-01",
          "value": 8269
        },
        {
          "date": "2025-06-01",
          "value": 8267
        },
        {
          "date": "2025-07-01",
          "value": 8261
        },
        {
          "date": "2025-08-01",
          "value": 8239
        },
        {
          "date": "2025-09-01",
          "value": 8255
        },
        {
          "date": "2025-10-01",
          "value": 8243
        },
        {
          "date": "2025-11-01",
          "value": 8279
        },
        {
          "date": "2025-12-01",
          "value": 8272
        },
        {
          "date": "2026-01-01",
          "value": 8317
        },
        {
          "date": "2026-02-01",
          "value": 8296
        },
        {
          "date": "2026-03-01",
          "value": 8311
        },
        {
          "date": "2026-04-01",
          "value": 8314
        },
        {
          "date": "2026-05-01",
          "value": 8316
        },
        {
          "date": "2026-06-01",
          "value": 8321
        },
        {
          "date": "2026-07-01",
          "value": 8343
        }
      ]
    },
    "constructionHourlyEarnings": {
      "seriesId": "CES2000000003",
      "label": "Average hourly earnings, construction",
      "fredTitle": "Average Hourly Earnings of All Employees, Construction",
      "unit": "dollars per hour, seasonally adjusted",
      "latest": {
        "date": "2026-07-01",
        "value": 41.46
      },
      "yearAgo": {
        "date": "2025-07-01",
        "value": 39.73
      },
      "changeYoYPct": 4.4,
      "change5yrPct": 25.9,
      "fiveYearHigh": 41.46,
      "fiveYearLow": 33.08,
      "history": [
        {
          "date": "2021-08-01",
          "value": 33.08
        },
        {
          "date": "2021-09-01",
          "value": 33.27
        },
        {
          "date": "2021-10-01",
          "value": 33.39
        },
        {
          "date": "2021-11-01",
          "value": 33.46
        },
        {
          "date": "2021-12-01",
          "value": 33.63
        },
        {
          "date": "2022-01-01",
          "value": 33.83
        },
        {
          "date": "2022-02-01",
          "value": 33.96
        },
        {
          "date": "2022-03-01",
          "value": 34.14
        },
        {
          "date": "2022-04-01",
          "value": 34.32
        },
        {
          "date": "2022-05-01",
          "value": 34.54
        },
        {
          "date": "2022-06-01",
          "value": 34.71
        },
        {
          "date": "2022-07-01",
          "value": 34.82
        },
        {
          "date": "2022-08-01",
          "value": 34.93
        },
        {
          "date": "2022-09-01",
          "value": 35.11
        },
        {
          "date": "2022-10-01",
          "value": 35.27
        },
        {
          "date": "2022-11-01",
          "value": 35.45
        },
        {
          "date": "2022-12-01",
          "value": 35.65
        },
        {
          "date": "2023-01-01",
          "value": 35.6
        },
        {
          "date": "2023-02-01",
          "value": 35.88
        },
        {
          "date": "2023-03-01",
          "value": 36
        },
        {
          "date": "2023-04-01",
          "value": 36.13
        },
        {
          "date": "2023-05-01",
          "value": 36.28
        },
        {
          "date": "2023-06-01",
          "value": 36.35
        },
        {
          "date": "2023-07-01",
          "value": 36.72
        },
        {
          "date": "2023-08-01",
          "value": 36.8
        },
        {
          "date": "2023-09-01",
          "value": 36.87
        },
        {
          "date": "2023-10-01",
          "value": 37.02
        },
        {
          "date": "2023-11-01",
          "value": 37.2
        },
        {
          "date": "2023-12-01",
          "value": 37.27
        },
        {
          "date": "2024-01-01",
          "value": 37.51
        },
        {
          "date": "2024-02-01",
          "value": 37.54
        },
        {
          "date": "2024-03-01",
          "value": 37.77
        },
        {
          "date": "2024-04-01",
          "value": 37.99
        },
        {
          "date": "2024-05-01",
          "value": 38.04
        },
        {
          "date": "2024-06-01",
          "value": 38.1
        },
        {
          "date": "2024-07-01",
          "value": 38.29
        },
        {
          "date": "2024-08-01",
          "value": 38.34
        },
        {
          "date": "2024-09-01",
          "value": 38.55
        },
        {
          "date": "2024-10-01",
          "value": 38.69
        },
        {
          "date": "2024-11-01",
          "value": 38.77
        },
        {
          "date": "2024-12-01",
          "value": 38.94
        },
        {
          "date": "2025-01-01",
          "value": 39.07
        },
        {
          "date": "2025-02-01",
          "value": 39.14
        },
        {
          "date": "2025-03-01",
          "value": 39.22
        },
        {
          "date": "2025-04-01",
          "value": 39.33
        },
        {
          "date": "2025-05-01",
          "value": 39.47
        },
        {
          "date": "2025-06-01",
          "value": 39.64
        },
        {
          "date": "2025-07-01",
          "value": 39.73
        },
        {
          "date": "2025-08-01",
          "value": 39.98
        },
        {
          "date": "2025-09-01",
          "value": 40.01
        },
        {
          "date": "2025-10-01",
          "value": 40.14
        },
        {
          "date": "2025-11-01",
          "value": 40.27
        },
        {
          "date": "2025-12-01",
          "value": 40.44
        },
        {
          "date": "2026-01-01",
          "value": 40.53
        },
        {
          "date": "2026-02-01",
          "value": 40.7
        },
        {
          "date": "2026-03-01",
          "value": 40.92
        },
        {
          "date": "2026-04-01",
          "value": 41.01
        },
        {
          "date": "2026-05-01",
          "value": 41.21
        },
        {
          "date": "2026-06-01",
          "value": 41.36
        },
        {
          "date": "2026-07-01",
          "value": 41.46
        }
      ]
    },
    "constructionMaterialsPpi": {
      "seriesId": "WPUSI012011",
      "label": "Construction materials producer price index",
      "fredTitle": "Producer Price Index by Commodity: Special Indexes: Construction Materials",
      "unit": "index, 1982 = 100, not seasonally adjusted",
      "latest": {
        "date": "2026-07-01",
        "value": 374
      },
      "yearAgo": {
        "date": "2025-07-01",
        "value": 338.6
      },
      "changeYoYPct": 10.5,
      "change5yrPct": 19.3,
      "fiveYearHigh": 374.039,
      "fiveYearLow": 313.083,
      "history": [
        {
          "date": "2021-08-01",
          "value": 313.083
        },
        {
          "date": "2021-09-01",
          "value": 317.136
        },
        {
          "date": "2021-10-01",
          "value": 322.12
        },
        {
          "date": "2021-11-01",
          "value": 328.94
        },
        {
          "date": "2021-12-01",
          "value": 335.032
        },
        {
          "date": "2022-01-01",
          "value": 345.742
        },
        {
          "date": "2022-02-01",
          "value": 343.583
        },
        {
          "date": "2022-03-01",
          "value": 345.852
        },
        {
          "date": "2022-04-01",
          "value": 343.786
        },
        {
          "date": "2022-05-01",
          "value": 353.015
        },
        {
          "date": "2022-06-01",
          "value": 349.8
        },
        {
          "date": "2022-07-01",
          "value": 346.79
        },
        {
          "date": "2022-08-01",
          "value": 342.753
        },
        {
          "date": "2022-09-01",
          "value": 336.464
        },
        {
          "date": "2022-10-01",
          "value": 333.796
        },
        {
          "date": "2022-11-01",
          "value": 330.369
        },
        {
          "date": "2022-12-01",
          "value": 326.449
        },
        {
          "date": "2023-01-01",
          "value": 327.338
        },
        {
          "date": "2023-02-01",
          "value": 330.532
        },
        {
          "date": "2023-03-01",
          "value": 331.729
        },
        {
          "date": "2023-04-01",
          "value": 333.366
        },
        {
          "date": "2023-05-01",
          "value": 337.473
        },
        {
          "date": "2023-06-01",
          "value": 337.336
        },
        {
          "date": "2023-07-01",
          "value": 334.512
        },
        {
          "date": "2023-08-01",
          "value": 333.794
        },
        {
          "date": "2023-09-01",
          "value": 332.098
        },
        {
          "date": "2023-10-01",
          "value": 328.743
        },
        {
          "date": "2023-11-01",
          "value": 326.844
        },
        {
          "date": "2023-12-01",
          "value": 327.644
        },
        {
          "date": "2024-01-01",
          "value": 334.374
        },
        {
          "date": "2024-02-01",
          "value": 337.766
        },
        {
          "date": "2024-03-01",
          "value": 330.963
        },
        {
          "date": "2024-04-01",
          "value": 330.135
        },
        {
          "date": "2024-05-01",
          "value": 329.435
        },
        {
          "date": "2024-06-01",
          "value": 328.304
        },
        {
          "date": "2024-07-01",
          "value": 325.556
        },
        {
          "date": "2024-08-01",
          "value": 324.65
        },
        {
          "date": "2024-09-01",
          "value": 324.1
        },
        {
          "date": "2024-10-01",
          "value": 325.428
        },
        {
          "date": "2024-11-01",
          "value": 326.929
        },
        {
          "date": "2024-12-01",
          "value": 324.621
        },
        {
          "date": "2025-01-01",
          "value": 326.249
        },
        {
          "date": "2025-02-01",
          "value": 329.203
        },
        {
          "date": "2025-03-01",
          "value": 334.983
        },
        {
          "date": "2025-04-01",
          "value": 337.18
        },
        {
          "date": "2025-05-01",
          "value": 344.056
        },
        {
          "date": "2025-06-01",
          "value": 338.652
        },
        {
          "date": "2025-07-01",
          "value": 338.6
        },
        {
          "date": "2025-08-01",
          "value": 341.458
        },
        {
          "date": "2025-09-01",
          "value": 341.005
        },
        {
          "date": "2025-10-01",
          "value": 340.3
        },
        {
          "date": "2025-11-01",
          "value": 338.556
        },
        {
          "date": "2025-12-01",
          "value": 344.679
        },
        {
          "date": "2026-01-01",
          "value": 347.872
        },
        {
          "date": "2026-02-01",
          "value": 352.767
        },
        {
          "date": "2026-03-01",
          "value": 355.488
        },
        {
          "date": "2026-04-01",
          "value": 359.575
        },
        {
          "date": "2026-05-01",
          "value": 363.999
        },
        {
          "date": "2026-06-01",
          "value": 368.823
        },
        {
          "date": "2026-07-01",
          "value": 374.039
        }
      ]
    },
    "medianNewHomePrice": {
      "seriesId": "MSPNHSUS",
      "label": "Median sale price, new houses sold",
      "fredTitle": "Median Sales Price of Houses Sold for the United States",
      "unit": "dollars, not seasonally adjusted",
      "latest": {
        "date": "2026-06-01",
        "value": 398300
      },
      "yearAgo": {
        "date": "2025-06-01",
        "value": 409200
      },
      "changeYoYPct": -2.7,
      "change5yrPct": 10.3,
      "fiveYearHigh": 460300,
      "fiveYearLow": 385000,
      "history": [
        {
          "date": "2021-07-01",
          "value": 385000
        },
        {
          "date": "2021-08-01",
          "value": 402700
        },
        {
          "date": "2021-09-01",
          "value": 398500
        },
        {
          "date": "2021-10-01",
          "value": 416800
        },
        {
          "date": "2021-11-01",
          "value": 419600
        },
        {
          "date": "2021-12-01",
          "value": 410600
        },
        {
          "date": "2022-01-01",
          "value": 413600
        },
        {
          "date": "2022-02-01",
          "value": 402300
        },
        {
          "date": "2022-03-01",
          "value": 420100
        },
        {
          "date": "2022-04-01",
          "value": 439500
        },
        {
          "date": "2022-05-01",
          "value": 429400
        },
        {
          "date": "2022-06-01",
          "value": 431700
        },
        {
          "date": "2022-07-01",
          "value": 442900
        },
        {
          "date": "2022-08-01",
          "value": 431900
        },
        {
          "date": "2022-09-01",
          "value": 434200
        },
        {
          "date": "2022-10-01",
          "value": 460300
        },
        {
          "date": "2022-11-01",
          "value": 427700
        },
        {
          "date": "2022-12-01",
          "value": 427900
        },
        {
          "date": "2023-01-01",
          "value": 408200
        },
        {
          "date": "2023-02-01",
          "value": 433300
        },
        {
          "date": "2023-03-01",
          "value": 438900
        },
        {
          "date": "2023-04-01",
          "value": 417200
        },
        {
          "date": "2023-05-01",
          "value": 421200
        },
        {
          "date": "2023-06-01",
          "value": 417600
        },
        {
          "date": "2023-07-01",
          "value": 435800
        },
        {
          "date": "2023-08-01",
          "value": 440900
        },
        {
          "date": "2023-09-01",
          "value": 426100
        },
        {
          "date": "2023-10-01",
          "value": 417500
        },
        {
          "date": "2023-11-01",
          "value": 429600
        },
        {
          "date": "2023-12-01",
          "value": 418300
        },
        {
          "date": "2024-01-01",
          "value": 430400
        },
        {
          "date": "2024-02-01",
          "value": 420900
        },
        {
          "date": "2024-03-01",
          "value": 436400
        },
        {
          "date": "2024-04-01",
          "value": 415300
        },
        {
          "date": "2024-05-01",
          "value": 414300
        },
        {
          "date": "2024-06-01",
          "value": 414000
        },
        {
          "date": "2024-07-01",
          "value": 429000
        },
        {
          "date": "2024-08-01",
          "value": 405800
        },
        {
          "date": "2024-09-01",
          "value": 421100
        },
        {
          "date": "2024-10-01",
          "value": 426300
        },
        {
          "date": "2024-11-01",
          "value": 397600
        },
        {
          "date": "2024-12-01",
          "value": 423000
        },
        {
          "date": "2025-01-01",
          "value": 429600
        },
        {
          "date": "2025-02-01",
          "value": 415100
        },
        {
          "date": "2025-03-01",
          "value": 412900
        },
        {
          "date": "2025-04-01",
          "value": 413600
        },
        {
          "date": "2025-05-01",
          "value": 424800
        },
        {
          "date": "2025-06-01",
          "value": 409200
        },
        {
          "date": "2025-07-01",
          "value": 397300
        },
        {
          "date": "2025-08-01",
          "value": 417900
        },
        {
          "date": "2025-09-01",
          "value": 416800
        },
        {
          "date": "2025-10-01",
          "value": 404200
        },
        {
          "date": "2025-11-01",
          "value": 402500
        },
        {
          "date": "2025-12-01",
          "value": 429100
        },
        {
          "date": "2026-01-01",
          "value": 416200
        },
        {
          "date": "2026-02-01",
          "value": 412000
        },
        {
          "date": "2026-03-01",
          "value": 398700
        },
        {
          "date": "2026-04-01",
          "value": 415700
        },
        {
          "date": "2026-05-01",
          "value": 412000
        },
        {
          "date": "2026-06-01",
          "value": 398300
        }
      ]
    },
    "residentialInputsGoods": {
      "seriesId": "WPUIP2311001",
      "label": "Net inputs to residential construction — goods",
      "fredTitle": "Producer Price Index by Commodity: Inputs to Industries: Net Inputs to Residential Construction, Goods",
      "unit": "index, June 1986 = 100, not seasonally adjusted",
      "latest": {
        "date": "2026-07-01",
        "value": 344.9
      },
      "yearAgo": {
        "date": "2025-07-01",
        "value": 323.2
      },
      "changeYoYPct": 6.7,
      "change5yrPct": 25.6,
      "fiveYearHigh": 346.984,
      "fiveYearLow": 270.932,
      "history": [
        {
          "date": "2021-08-01",
          "value": 270.932
        },
        {
          "date": "2021-09-01",
          "value": 271.332
        },
        {
          "date": "2021-10-01",
          "value": 275.594
        },
        {
          "date": "2021-11-01",
          "value": 279.891
        },
        {
          "date": "2021-12-01",
          "value": 282.949
        },
        {
          "date": "2022-01-01",
          "value": 294.807
        },
        {
          "date": "2022-02-01",
          "value": 303.546
        },
        {
          "date": "2022-03-01",
          "value": 313.714
        },
        {
          "date": "2022-04-01",
          "value": 314.25
        },
        {
          "date": "2022-05-01",
          "value": 318.807
        },
        {
          "date": "2022-06-01",
          "value": 322.036
        },
        {
          "date": "2022-07-01",
          "value": 317.376
        },
        {
          "date": "2022-08-01",
          "value": 315.248
        },
        {
          "date": "2022-09-01",
          "value": 314.595
        },
        {
          "date": "2022-10-01",
          "value": 315.505
        },
        {
          "date": "2022-11-01",
          "value": 312.845
        },
        {
          "date": "2022-12-01",
          "value": 305.558
        },
        {
          "date": "2023-01-01",
          "value": 310.415
        },
        {
          "date": "2023-02-01",
          "value": 311.399
        },
        {
          "date": "2023-03-01",
          "value": 311.605
        },
        {
          "date": "2023-04-01",
          "value": 311.409
        },
        {
          "date": "2023-05-01",
          "value": 309.895
        },
        {
          "date": "2023-06-01",
          "value": 309.673
        },
        {
          "date": "2023-07-01",
          "value": 310.511
        },
        {
          "date": "2023-08-01",
          "value": 315.003
        },
        {
          "date": "2023-09-01",
          "value": 316.01
        },
        {
          "date": "2023-10-01",
          "value": 311.802
        },
        {
          "date": "2023-11-01",
          "value": 310.443
        },
        {
          "date": "2023-12-01",
          "value": 308.671
        },
        {
          "date": "2024-01-01",
          "value": 312.378
        },
        {
          "date": "2024-02-01",
          "value": 316.099
        },
        {
          "date": "2024-03-01",
          "value": 317.283
        },
        {
          "date": "2024-04-01",
          "value": 318.765
        },
        {
          "date": "2024-05-01",
          "value": 316.159
        },
        {
          "date": "2024-06-01",
          "value": 315.185
        },
        {
          "date": "2024-07-01",
          "value": 315.613
        },
        {
          "date": "2024-08-01",
          "value": 315.735
        },
        {
          "date": "2024-09-01",
          "value": 313.403
        },
        {
          "date": "2024-10-01",
          "value": 314.316
        },
        {
          "date": "2024-11-01",
          "value": 313.877
        },
        {
          "date": "2024-12-01",
          "value": 313.578
        },
        {
          "date": "2025-01-01",
          "value": 318.317
        },
        {
          "date": "2025-02-01",
          "value": 320.028
        },
        {
          "date": "2025-03-01",
          "value": 321.342
        },
        {
          "date": "2025-04-01",
          "value": 320.346
        },
        {
          "date": "2025-05-01",
          "value": 321.184
        },
        {
          "date": "2025-06-01",
          "value": 322.158
        },
        {
          "date": "2025-07-01",
          "value": 323.198
        },
        {
          "date": "2025-08-01",
          "value": 323.79
        },
        {
          "date": "2025-09-01",
          "value": 323.904
        },
        {
          "date": "2025-10-01",
          "value": 323.182
        },
        {
          "date": "2025-11-01",
          "value": 324.348
        },
        {
          "date": "2025-12-01",
          "value": 323.036
        },
        {
          "date": "2026-01-01",
          "value": 326.043
        },
        {
          "date": "2026-02-01",
          "value": 329.943
        },
        {
          "date": "2026-03-01",
          "value": 336.2
        },
        {
          "date": "2026-04-01",
          "value": 340.272
        },
        {
          "date": "2026-05-01",
          "value": 346.984
        },
        {
          "date": "2026-06-01",
          "value": 344.53
        },
        {
          "date": "2026-07-01",
          "value": 344.861
        }
      ]
    },
    "residentialInputsServices": {
      "seriesId": "WPUIP2311002",
      "label": "Net inputs to residential construction — services",
      "fredTitle": "Producer Price Index by Commodity: Inputs to Industries: Net Inputs to Residential Construction, Services",
      "unit": "index, June 1986 = 100, not seasonally adjusted",
      "latest": {
        "date": "2026-07-01",
        "value": 162.6
      },
      "yearAgo": {
        "date": "2025-07-01",
        "value": 153
      },
      "changeYoYPct": 6.2,
      "change5yrPct": 8.3,
      "fiveYearHigh": 166.528,
      "fiveYearLow": 137.632,
      "history": [
        {
          "date": "2021-08-01",
          "value": 144.109
        },
        {
          "date": "2021-09-01",
          "value": 141.252
        },
        {
          "date": "2021-10-01",
          "value": 141.26
        },
        {
          "date": "2021-11-01",
          "value": 137.632
        },
        {
          "date": "2021-12-01",
          "value": 138.639
        },
        {
          "date": "2022-01-01",
          "value": 147.253
        },
        {
          "date": "2022-02-01",
          "value": 154.857
        },
        {
          "date": "2022-03-01",
          "value": 166.528
        },
        {
          "date": "2022-04-01",
          "value": 166.293
        },
        {
          "date": "2022-05-01",
          "value": 162.819
        },
        {
          "date": "2022-06-01",
          "value": 157.055
        },
        {
          "date": "2022-07-01",
          "value": 152.184
        },
        {
          "date": "2022-08-01",
          "value": 147.19
        },
        {
          "date": "2022-09-01",
          "value": 144.543
        },
        {
          "date": "2022-10-01",
          "value": 145.416
        },
        {
          "date": "2022-11-01",
          "value": 146.161
        },
        {
          "date": "2022-12-01",
          "value": 142.042
        },
        {
          "date": "2023-01-01",
          "value": 143.371
        },
        {
          "date": "2023-02-01",
          "value": 142.75
        },
        {
          "date": "2023-03-01",
          "value": 143.351
        },
        {
          "date": "2023-04-01",
          "value": 143.595
        },
        {
          "date": "2023-05-01",
          "value": 142.374
        },
        {
          "date": "2023-06-01",
          "value": 143.134
        },
        {
          "date": "2023-07-01",
          "value": 145.335
        },
        {
          "date": "2023-08-01",
          "value": 145.511
        },
        {
          "date": "2023-09-01",
          "value": 146.547
        },
        {
          "date": "2023-10-01",
          "value": 147.207
        },
        {
          "date": "2023-11-01",
          "value": 147.152
        },
        {
          "date": "2023-12-01",
          "value": 146.943
        },
        {
          "date": "2024-01-01",
          "value": 148.334
        },
        {
          "date": "2024-02-01",
          "value": 148.392
        },
        {
          "date": "2024-03-01",
          "value": 148.137
        },
        {
          "date": "2024-04-01",
          "value": 149.856
        },
        {
          "date": "2024-05-01",
          "value": 148.022
        },
        {
          "date": "2024-06-01",
          "value": 148.907
        },
        {
          "date": "2024-07-01",
          "value": 148.89
        },
        {
          "date": "2024-08-01",
          "value": 149.086
        },
        {
          "date": "2024-09-01",
          "value": 148.161
        },
        {
          "date": "2024-10-01",
          "value": 146.63
        },
        {
          "date": "2024-11-01",
          "value": 145.866
        },
        {
          "date": "2024-12-01",
          "value": 146.751
        },
        {
          "date": "2025-01-01",
          "value": 148.752
        },
        {
          "date": "2025-02-01",
          "value": 150.001
        },
        {
          "date": "2025-03-01",
          "value": 152.229
        },
        {
          "date": "2025-04-01",
          "value": 151.808
        },
        {
          "date": "2025-05-01",
          "value": 151.513
        },
        {
          "date": "2025-06-01",
          "value": 153.84
        },
        {
          "date": "2025-07-01",
          "value": 153.024
        },
        {
          "date": "2025-08-01",
          "value": 151.704
        },
        {
          "date": "2025-09-01",
          "value": 153.015
        },
        {
          "date": "2025-10-01",
          "value": 154.51
        },
        {
          "date": "2025-11-01",
          "value": 153.497
        },
        {
          "date": "2025-12-01",
          "value": 155.085
        },
        {
          "date": "2026-01-01",
          "value": 155.93
        },
        {
          "date": "2026-02-01",
          "value": 156.249
        },
        {
          "date": "2026-03-01",
          "value": 158.236
        },
        {
          "date": "2026-04-01",
          "value": 159.204
        },
        {
          "date": "2026-05-01",
          "value": 160.429
        },
        {
          "date": "2026-06-01",
          "value": 163.071
        },
        {
          "date": "2026-07-01",
          "value": 162.559
        }
      ]
    }
  },
  "escalation": {
    "residentialInputsGoods": {
      "seriesId": "WPUIP2311001",
      "baseYear": "2025",
      "baseYearAvg": 322.07,
      "currentYear": "2026",
      "currentYearAvg": 338.4,
      "pctChange": 5.1
    },
    "residentialInputsServices": {
      "seriesId": "WPUIP2311002",
      "baseYear": "2025",
      "baseYearAvg": 152.41,
      "currentYear": "2026",
      "currentYearAvg": 159.38,
      "pctChange": 4.6
    },
    "summary": {
      "lowPct": 4.6,
      "highPct": 5.1,
      "note": "Change in BLS net-inputs-to-residential-construction indexes from the 2025 annual average to the 2026 year-to-date average. Used to restate the Census 2025 contract-price benchmark in current-year terms. Input costs, not output prices — builder margin is not included."
    }
  }
}