New Privately Owned Housing Starts Median Square Feet of Floor Area for One-Family Units in the Midwest Census Region
HOUSTSFLAM1FMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,029.00
Year-over-Year Change
-8.97%
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 started in the Midwest census region. It provides insights into the size and characteristics of new residential construction in this key economic region.
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 Starts Median Square Feet of Floor Area for One-Family Units in the Midwest Census Region is a leading indicator of new residential construction activity. It tracks the median size of new single-family homes being built, which signals factors like consumer demand, builder expectations, and regional economic conditions.
Methodology
The data is collected through a monthly survey of home builders and developers by the U.S. Census Bureau.
Historical Context
This metric is closely watched by policymakers, real estate analysts, and economists to gauge the health of the housing market and broader economic trends.
Key Facts
- Median size of new one-family homes in the Midwest was 2,336 square feet in 2022.
- Home sizes have increased by over 50% since the 1970s.
- The Midwest region accounts for about 20% of U.S. new home construction.
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 started in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and characteristics of new residential construction, which is a key indicator of consumer demand, builder expectations, and regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of home builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers, real estate analysts, and economists to gauge the health of the housing market and broader economic trends.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, New Privately Owned Housing Starts Median Square Feet of Floor Area for One-Family Units in the Midwest Census Region (HOUSTSFLAM1FMWQ), retrieved from FRED.