Housing Inventory: Median Home Size in Square Feet in Minnesota
MEDSQUFEEMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,994.00
Year-over-Year Change
-1.77%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Home Size in Square Feet in Minnesota' trend measures the typical size of newly constructed homes in Minnesota. This data provides insights into evolving housing preferences and 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 metric tracks the median square footage of new single-family homes completed in Minnesota. It serves as an indicator of housing stock characteristics and consumer demand, which is valuable for policymakers, homebuilders, and real estate analysts.
Methodology
The U.S. Census Bureau collects this data through surveys of homebuilders and housing permit records.
Historical Context
Trends in median home size can inform housing and urban planning policies, as well as predict demand for different types of residential construction.
Key Facts
- The median home size in Minnesota was 2,302 square feet in 2022.
- Home sizes in Minnesota have increased by 17% over the past decade.
- Larger homes are in higher demand as family sizes and preferences evolve.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the median square footage of new single-family homes completed in Minnesota, providing insights into evolving housing preferences and market conditions.
Q: Why is this trend relevant for users or analysts?
A: Trends in median home size can inform housing and urban planning policies, as well as predict demand for different types of residential construction.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of homebuilders and housing permit records.
Q: How is this trend used in economic policy?
A: Policymakers, homebuilders, and real estate analysts use this data to understand evolving housing preferences and market conditions in Minnesota.
Q: Are there update delays or limitations?
A: This data is released quarterly by the U.S. Census Bureau, with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet in Minnesota (MEDSQUFEEMN), retrieved from FRED.