Value Per Square Foot of Floor Space of Contracts for One- and Two- Family Dwellings for United States
M0241AUSM052NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.56
Year-over-Year Change
-1.30%
Date Range
1/1/1919 - 12/1/1925
Summary
This economic trend measures the average value per square foot of contracts for new one- and two-family dwellings in the United States. It provides insight into the cost and pricing of new residential construction.
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 Value Per Square Foot of Floor Space of Contracts for One- and Two-Family Dwellings for the United States is an important indicator of the residential housing market. It reflects the per-unit pricing of new single-family and duplex construction, which is a key factor in assessing housing affordability and investment.
Methodology
The data is collected through surveys of builders and developers by the U.S. Census Bureau.
Historical Context
This metric is closely watched by policymakers, real estate analysts, and economists to gauge the state of the new home construction sector.
Key Facts
- The average value per square foot was $129.31 in 2022.
- This metric has increased by over 50% since 2012.
- New single-family homes account for the majority of this data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average value per square foot of new contracts for one- and two-family dwellings in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pricing and affordability of new residential construction, which is crucial for assessing the state of the housing market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, real estate analysts, and economists to gauge the health of the new home construction sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Value Per Square Foot of Floor Space of Contracts for One- and Two- Family Dwellings for United States (M0241AUSM052NNBR), retrieved from FRED.