Why Use This Data Source In Your Models?
New private housing units authorized by building permits provides a general indication of the amount of new housing stock that may have been added to the housing inventory. Since not all permits become actual housing starts and starts lag the permit stage of construction, these numbers do not represent total new construction, but should provide a general indicator.
New Private Housing Units
U.S. Census Bureau
Housing & Urban Development
Units, Seasonally Adjusted
The data shows auto correlation and a non-normal distribution. The data should be differenced. While the Untransformed transformation, provides the best normality, the Arcsin variable will also perform well.
Data is able to be distributed by time but not by geography. The roll up method used is Sum.
Data shows auto correlation indicating a need for differencing
The ACF indicates 1 order differencing is appropriate.
Following first order differencing, no further differencing is required based on the differenced ACF at lag one of -0.43
The Kwiatkowski-Phillips-Schmidt-Shin (KPSS) test, KPSS Trend = 0.38 p-value = 0.01 indicates that the data is not stationary.
The Shapiro-Wilk test returned W = 0.97 with a p-value =0.05 indicating the data does not follow a normal distribution.
A skewness score of 0.09 indicates the data are fairly symmetrical.
Hartigan's dip test score of 0.02 with a p-value of 0.97 inidcates the data is unimodal
Auto Correlation Function
Auto Correlation Function After Differencing
Partial Auto Correlation Function
Seasonal and Trend Decompostion
The following states do not report for this feature: District of Columbia, Nebraska, Wisconsin, Puerto Rico.
Use our platform to aggregate, normalize, and profile open source and premium control data. Spend less time finding and wrangling data, and more time building efficient and feature-rich machine learning data pipelines.
Instantly apply industry-standard
data science treatments and transformations, including (but not limited to) Differencing, Lead/Lag, Box Cox. Easily manipulate data across different time and geographic grains.
Our Patent Pending iterative testing engine allows you to upload your target variable, and the platform will test for possible statistical relationships across all available data sources. Saving you time and removing analyst bias.
Easily integrate your Ready Signal data to the data science platform of your choice. Connect directly to Ready Signal through our API or using one of our pre-built data connectors or download directly in Excel or CSV format.