{
  "slug": "housing",
  "name": "Housing & construction",
  "description": "Starts, permits, prices, sales, and construction spending for homebuilders, REITs, and building products.",
  "href": "macro/housing/index.html",
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      "title": "New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Total Units",
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    {
      "id": "EXHOSLUSM495S",
      "title": "Existing Home Sales",
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          "date": "2023-10-01",
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          "date": "2023-07-01",
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          "date": "2023-04-01",
          "value": "6.300000",
          "display": "6.3"
        }
      ]
    },
    {
      "id": "RHVRUSQ156N",
      "title": "Homeowner Vacancy Rate in the United States",
      "frequency": "Quarterly",
      "units": "Percent",
      "note": "Homeowner vacancy gauges excess for-sale inventory and shadow supply, an early signal of price softening and absorption stress.",
      "industries": [
        "Homebuilders",
        "Single-family rental REITs",
        "Mortgage credit"
      ],
      "fred_url": "https://fred.stlouisfed.org/series/RHVRUSQ156N",
      "observation_count": 79,
      "last_synced": "2026-07-27",
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        "date": "2026-01-01",
        "value": "1.100000",
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        "value": "-0.100000",
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        "direction": "down"
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        "value": "0.000000",
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        "direction": "flat"
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          "date": "2025-07-01",
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        {
          "date": "2025-01-01",
          "value": "1.100000",
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        {
          "date": "2024-10-01",
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        {
          "date": "2024-07-01",
          "value": "1.000000",
          "display": "1"
        },
        {
          "date": "2024-04-01",
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          "display": "0.9"
        },
        {
          "date": "2024-01-01",
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        },
        {
          "date": "2023-10-01",
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        {
          "date": "2023-07-01",
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          "date": "2023-04-01",
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          "display": "0.7"
        }
      ]
    },
    {
      "id": "DRSFRMACBS",
      "title": "Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks",
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      "units": "Percent",
      "note": "Residential mortgage delinquencies are the core housing credit-quality metric driving bank loss provisions and mortgage-insurer claims.",
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        "Mortgage insurers (MTG, ESNT, RDN)",
        "Mortgage REITs"
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      "fred_url": "https://fred.stlouisfed.org/series/DRSFRMACBS",
      "observation_count": 79,
      "last_synced": "2026-07-27",
      "latest": {
        "date": "2026-01-01",
        "value": "1.890000",
        "display": "1.89"
      },
      "delta_1m": {
        "value": "0.100000",
        "display": "+0.1",
        "direction": "up"
      },
      "delta_1y": {
        "value": "0.120000",
        "display": "+0.12",
        "direction": "up"
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      "spark_points": "2.0,2.0 15.9,16.9 29.8,27.4 43.6,35.6 57.5,39.3 71.4,43.0 85.3,44.5 99.2,44.5 113.1,46.0 126.9,45.3 140.8,43.8 154.7,43.0 168.6,40.0 182.5,40.8 196.4,40.0 210.2,40.0 224.1,39.3 238.0,31.8",
      "table": [
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        {
          "date": "2025-10-01",
          "value": "1.790000",
          "display": "1.79"
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        {
          "date": "2025-07-01",
          "value": "1.780000",
          "display": "1.78"
        },
        {
          "date": "2025-04-01",
          "value": "1.780000",
          "display": "1.78"
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        {
          "date": "2025-01-01",
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        {
          "date": "2024-10-01",
          "value": "1.780000",
          "display": "1.78"
        },
        {
          "date": "2024-07-01",
          "value": "1.740000",
          "display": "1.74"
        },
        {
          "date": "2024-04-01",
          "value": "1.730000",
          "display": "1.73"
        },
        {
          "date": "2024-01-01",
          "value": "1.710000",
          "display": "1.71"
        },
        {
          "date": "2023-10-01",
          "value": "1.700000",
          "display": "1.7"
        },
        {
          "date": "2023-07-01",
          "value": "1.720000",
          "display": "1.72"
        },
        {
          "date": "2023-04-01",
          "value": "1.720000",
          "display": "1.72"
        }
      ]
    },
    {
      "id": "DRCRELEXFACBS",
      "title": "Delinquency Rate on Commercial Real Estate Loans (Excluding Farmland), Booked in Domestic Offices, All Commercial Banks",
      "frequency": "Quarterly, End of Period",
      "units": "Percent",
      "note": "CRE delinquencies flag stress in office/retail lending, critical for regional banks and commercial mortgage REIT credit analysis.",
      "industries": [
        "Regional banks",
        "Commercial mortgage REITs (BXMT, STWD)",
        "Office REITs"
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      "fred_url": "https://fred.stlouisfed.org/series/DRCRELEXFACBS",
      "observation_count": 79,
      "last_synced": "2026-07-27",
      "latest": {
        "date": "2026-01-01",
        "value": "1.560000",
        "display": "1.56"
      },
      "delta_1m": {
        "value": "-0.020000",
        "display": "-0.02",
        "direction": "down"
      },
      "delta_1y": {
        "value": "-0.010000",
        "display": "-0.01",
        "direction": "down"
      },
      "spark_points": "2.0,39.1 15.9,40.4 29.8,41.8 43.6,46.0 57.5,43.2 71.4,39.1 85.3,35.8 99.2,26.1 113.1,21.5 126.9,19.1 140.8,9.4 154.7,5.2 168.6,2.9 182.5,2.5 196.4,2.5 210.2,2.5 224.1,2.0 238.0,2.9",
      "table": [
        {
          "date": "2026-01-01",
          "value": "1.560000",
          "display": "1.56"
        },
        {
          "date": "2025-10-01",
          "value": "1.580000",
          "display": "1.58"
        },
        {
          "date": "2025-07-01",
          "value": "1.570000",
          "display": "1.57"
        },
        {
          "date": "2025-04-01",
          "value": "1.570000",
          "display": "1.57"
        },
        {
          "date": "2025-01-01",
          "value": "1.570000",
          "display": "1.57"
        },
        {
          "date": "2024-10-01",
          "value": "1.560000",
          "display": "1.56"
        },
        {
          "date": "2024-07-01",
          "value": "1.510000",
          "display": "1.51"
        },
        {
          "date": "2024-04-01",
          "value": "1.420000",
          "display": "1.42"
        },
        {
          "date": "2024-01-01",
          "value": "1.210000",
          "display": "1.21"
        },
        {
          "date": "2023-10-01",
          "value": "1.160000",
          "display": "1.16"
        },
        {
          "date": "2023-07-01",
          "value": "1.060000",
          "display": "1.06"
        },
        {
          "date": "2023-04-01",
          "value": "0.850000",
          "display": "0.85"
        }
      ]
    }
  ]
}