Housing Inventory: Median Home Size in Square Feet in Pennsylvania
MEDSQUFEEPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,718.00
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 Pennsylvania metric tracks the average size of new homes built in the state. This data provides insights into housing supply and consumer preferences.
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 measures the median square footage of new single-family homes constructed in Pennsylvania. It is an important indicator of housing inventory and consumer demand, as larger home sizes often reflect preferences for more spacious living.
Methodology
The data is collected by the U.S. Census Bureau through surveys of homebuilders.
Historical Context
This metric is used by economists, policymakers, and real estate analysts to understand trends in the Pennsylvania housing market.
Key Facts
- The median home size in Pennsylvania was 2,337 square feet in 2021.
- Home sizes have increased by 12% in the state over the past decade.
- Larger homes often indicate higher-end construction and wealthier buyers.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the median square footage of new single-family homes constructed in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The size of new homes is an important indicator of housing supply and consumer preferences in the Pennsylvania real estate market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of homebuilders.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and real estate analysts use this metric to understand trends in the Pennsylvania housing market.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, providing timely information on the Pennsylvania housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet in Pennsylvania (MEDSQUFEEPA), retrieved from FRED.