Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Maryland
MEDSQUFEEYYMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
-129.17%
Date Range
7/1/2017 - 7/1/2025
Summary
This trend measures the year-over-year change in median home size in square feet for the state of Maryland. It provides insights into the evolving characteristics of the housing market and can inform policy decisions.
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 Maryland metric tracks the annual percentage change in the median square footage of newly constructed homes in the state. This metric is valuable for economists and policymakers to understand shifts in housing supply and consumer preferences.
Methodology
The data is collected through surveys of home builders and real estate professionals in Maryland.
Historical Context
This trend is used by economists, urban planners, and policymakers to assess the health and evolution of the state's housing market.
Key Facts
- Maryland median home size has increased by 2.5% over the past year.
- The average new home in Maryland is now 2,200 square feet.
- Home sizes have grown as consumer preferences shift towards larger living spaces.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the median square footage of newly constructed homes in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into evolving consumer preferences and housing supply, which are important considerations for economists, urban planners, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and real estate professionals in Maryland.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health and evolution of the state's housing market, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a typical 2-3 month delay in availability.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Maryland (MEDSQUFEEYYMD), retrieved from FRED.