New Privately Owned Housing Completions in the United States, Median Square Feet of Floor Area for One-Family Units
This dataset tracks new privately owned housing completions in the united states, median square feet of floor area for one-family units over time.
Latest Value
2179.00
Year-over-Year Change
-3.80%
Date Range
1/1/1987 - 1/1/2025
Summary
This economic trend measures the median square feet of floor area for new one-family housing units completed in the United States. It provides insight into the size and characteristics of the single-family housing market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The New Privately Owned Housing Completions metric tracks the square footage of newly constructed one-family homes, which is a key indicator of housing supply, consumer demand, and economic activity in the construction sector.
Methodology
The data is collected through surveys of homebuilders and construction firms by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess housing market conditions and the overall state of the economy.
Key Facts
- Median home size has increased over time.
- Larger homes are often a sign of economic prosperity.
- Home size can vary by region and local market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median square feet of floor area for new one-family housing units completed in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and characteristics of the single-family housing market, which is an important indicator of economic activity and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and construction firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess housing market conditions and the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis and may be subject to revisions.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions in the United States, Median Square Feet of Floor Area for One-Family Units (COMPSFLAM1FQ), retrieved from FRED.