New Privately Owned Housing Completions Median Square Feet of Floor Area for One-Family Units in the Northeast Census Region
COMPSFLAM1FNEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,425.00
Year-over-Year Change
-4.00%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator tracks the median square feet of floor area for new one-family housing units completed in the Northeast Census Region of the United States. It provides insights into the size and characteristics of new residential construction.
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 Northeast Census Region is a key indicator used by economists and policymakers to monitor trends in the size and composition of new single-family home construction. It offers valuable data on the evolving preferences and needs of homebuyers in the Northeast region.
Methodology
The data is collected through a survey of homebuilders and developers by the U.S. Census Bureau.
Historical Context
This metric helps inform housing market analysis and residential construction policy decisions.
Key Facts
- The median home size in the Northeast was 2,250 square feet in 2021.
- New one-family home sizes in the Northeast have increased by 13% since 2000.
- Home sizes in the Northeast are typically larger than the national median.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the median square feet of floor area for new one-family housing units completed in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the evolving size and characteristics of new residential construction, which is valuable for housing market analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of homebuilders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric helps inform housing market analysis and residential construction policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical delay of 1-2 months.
Related Trends
Income Before Taxes: Regular Contributions for Support by Region: Residence in the Northeast Census Region
CXUREGCONTLB1102M
Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Poured Concrete Foundation and Structure Contractors for Northeast Census Region
PCU2364002364002241
Employment Cost Index: Wages and salaries for Private industry workers in the Northeast Census Region
CIU2020000000210I
Net Change in Total Assets by Region: Residence in the Northeast Census Region
CXUCHGASSETLB1102M
Expenditures: Apparel, Children Under 2 by Region: Residence in the Northeast Census Region
CXUINFANTLB1102M
Expenditures: Shelter by Region: Residence in the Northeast Census Region
CXUSHELTERLB1102M
Citation
U.S. Federal Reserve, New Privately Owned Housing Completions Median Square Feet of Floor Area for One-Family Units in the Northeast Census Region (COMPSFLAM1FNEQ), retrieved from FRED.