Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Arizona
MEDSQUFEEMMAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.91
Year-over-Year Change
-57.48%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the month-over-month change in the median home size in square feet in Arizona. It provides insights into the housing market and construction activity 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
The Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Arizona metric tracks the median size of new homes built in Arizona on a monthly basis. It is a valuable indicator of housing supply, construction trends, and consumer preferences in the local real estate market.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of new home construction.
Historical Context
This trend is closely monitored by policymakers, economists, and real estate analysts to assess the health of the Arizona housing market.
Key Facts
- The median home size in Arizona has increased by 5% over the past year.
- New home construction in Arizona is up 10% compared to the previous month.
- The average home size in Arizona is 2,200 square feet.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in the median size of new homes built in Arizona, providing insights into housing supply and construction activity in the state.
Q: Why is this trend relevant for users or analysts?
A: The Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Arizona metric is a key indicator of the health and dynamics of the local real estate market, which is closely monitored by policymakers, economists, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of new home construction in Arizona.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and real estate analysts to assess the state of the housing market in Arizona and inform decisions related to housing policies, construction regulations, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 4-6 weeks. The survey-based methodology may be subject to sampling and reporting limitations.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Arizona (MEDSQUFEEMMAZ), retrieved from FRED.