Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Virginia
MEDSQUFEEMMVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.94
Year-over-Year Change
51.61%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the median home size in square feet for Virginia, tracking monthly changes. It provides insights into the state's housing market and construction activity.
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 Virginia series represents the typical size of newly constructed homes in the state. It is a key indicator of consumer preferences, building industry dynamics, and broader economic conditions.
Methodology
The data is collected through surveys of home builders and real estate transactions.
Historical Context
Policymakers and market analysts use this metric to assess housing supply, affordability, and development trends.
Key Facts
- Virginia's median home size was 2,350 square feet in 2022.
- Home sizes have increased by 5% in the state over the past decade.
- Larger homes are a reflection of consumer preferences and builder responses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median size of newly constructed homes in Virginia, tracking monthly changes in square footage.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into housing supply, consumer preferences, and broader economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and real estate transactions.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess housing supply, affordability, and development trends.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Virginia (MEDSQUFEEMMVA), retrieved from FRED.