Housing Inventory: Median Home Size in Square Feet in Maryland
MEDSQUFEEMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,912.00
Year-over-Year Change
0.63%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Home Size in Square Feet in Maryland' trend measures the typical size of new homes constructed in Maryland. This provides valuable insights into residential real estate market conditions in the state.
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
This series tracks the median square footage of new single-family homes built in Maryland. It is an important indicator of housing supply, as larger home sizes can signal increased demand and a tighter real estate market.
Methodology
The data is collected through surveys of homebuilders and contractors by the U.S. Census Bureau.
Historical Context
This metric is closely watched by policymakers, real estate analysts, and construction industry participants.
Key Facts
- Maryland's median new home size peaked at 2,527 square feet in 2007.
- Home sizes in Maryland have trended downward since the 2008 financial crisis.
- Smaller new home sizes may indicate a shift towards more affordable housing.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Median Home Size in Square Feet in Maryland' metric tracks the typical size of new single-family homes constructed in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the residential real estate market, as larger home sizes can signal increased demand and a tighter housing supply.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and contractors by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers, real estate analysts, and construction industry participants to gauge housing market conditions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revisions and delays typical of Census Bureau survey releases.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet in Maryland (MEDSQUFEEMD), retrieved from FRED.