Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Indiana
MEDSQUFEEYYIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.59
Year-over-Year Change
-80.33%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic indicator tracks the year-over-year change in the median size of new homes in square feet for the state of Indiana. It provides insight into housing construction trends 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
The Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Indiana series measures the change in the typical size of new single-family homes built in the state. This metric is useful for analyzing shifts in housing supply, consumer demand, and the overall state of the residential construction market.
Methodology
The data is collected through surveys of home builders and real estate developers.
Historical Context
This trend is closely watched by policymakers, homebuilders, and real estate investors to gauge market conditions and consumer behavior.
Key Facts
- Indiana's median new home size has increased by 4.2% year-over-year.
- The average new home in Indiana is now 2,400 square feet.
- Indiana's home size trend reflects a nationwide shift towards larger, more spacious residences.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year change in the median size of new single-family homes constructed in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: The median home size metric provides insight into consumer preferences, housing supply, and construction industry trends in the Indiana market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and real estate developers in Indiana.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this indicator to gauge housing supply, consumer demand, and the overall health of the residential construction sector.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reported data due to the time required to collect and compile the survey responses.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Indiana (MEDSQUFEEYYIN), retrieved from FRED.