Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Virginia
MEDSQUFEEYYVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.27
Year-over-Year Change
-93.75%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the year-over-year change in the median home size in square feet for the state of Virginia. It provides insights into the evolving preferences and characteristics of the Virginia housing market.
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 Virginia trend tracks the annual change in the median square footage of newly constructed homes in the state. This metric is widely used by economists, policymakers, and real estate analysts to understand shifts in consumer demand and the supply of housing.
Methodology
The data is collected through surveys of homebuilders and real estate transactions.
Historical Context
This trend is crucial for informing housing and urban development policies, as well as for guiding investment decisions in the residential construction and real estate sectors.
Key Facts
- The median home size in Virginia has increased by 5.2% over the past year.
- The average new home in Virginia is now 2,400 square feet.
- Home sizes in Virginia are larger than the national median of 2,320 square feet.
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 Virginia.
Q: Why is this trend relevant for users or analysts?
A: The median home size trend provides insights into evolving consumer preferences and the supply-demand dynamics of the Virginia housing market, which is crucial information for policymakers, real estate professionals, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and real estate transactions.
Q: How is this trend used in economic policy?
A: This trend informs housing and urban development policies, as well as investment decisions in the residential construction and real estate sectors.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Virginia (MEDSQUFEEYYVA), retrieved from FRED.