New Privately Owned Housing Completions Median Square Feet of Floor Area for One-Family Units in the Midwest Census Region
COMPSFLAM1FMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,053.00
Year-over-Year Change
-3.89%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the median square feet of floor area for new one-family housing units completed in the Midwest region of the United States. It provides insight into the size and characteristics of new single-family homes.
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 New Privately Owned Housing Completions Median Square Feet of Floor Area for One-Family Units in the Midwest Census Region tracks the typical size of newly constructed single-family homes in the Midwest. This metric is used by economists and policymakers to analyze housing supply, consumer preferences, and regional economic conditions.
Methodology
The data is collected through surveys of homebuilders and developers by the U.S. Census Bureau.
Historical Context
This housing size trend is relevant for understanding residential construction, real estate markets, and consumer behavior.
Key Facts
- Median size peaked at 2,467 square feet in 2015.
- Home sizes have declined since the mid-2010s.
- The Midwest region has historically smaller homes than other U.S. regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median square feet of floor area for new one-family housing units completed in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This housing size metric provides insight into residential construction activity, consumer preferences, and regional economic conditions in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze housing supply, consumer behavior, and regional economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Completions Median Square Feet of Floor Area for One-Family Units in the Midwest Census Region (COMPSFLAM1FMWQ), retrieved from FRED.