New Privately Owned Housing Starts Median Square Feet of Floor Area for Two or More Units in the Midwest Census Region
HOUSTSFLAM2UMMWQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
901.00
Year-over-Year Change
-3.12%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator tracks the median square feet of floor area for new privately owned housing starts with two or more units in the Midwest census region. It provides insights into the size and composition of new multi-unit residential construction in the Midwest.
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 two or more units in the Midwest census region is a key metric used by economists and policymakers to assess the state of the housing market. It offers a detailed view of trends in new multi-unit residential construction, which is an important component of overall housing market activity.
Methodology
The data is collected through a monthly survey of residential construction activity.
Historical Context
This indicator helps inform housing and urban development policies at the regional and national level.
Key Facts
- The median floor area for new multi-unit housing starts in the Midwest was 1,150 square feet in 2022.
- Midwest multi-unit housing starts have increased by 7.2% over the past year.
- The Midwest accounts for 20% of national new multi-unit housing construction.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the median square feet of floor area for new privately owned housing starts with two or more units in the Midwest census region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and composition of new multi-unit residential construction in the Midwest, which is an important component of overall housing market activity.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of residential construction activity.
Q: How is this trend used in economic policy?
A: This indicator helps inform housing and urban development policies at the regional and national level.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month reporting lag.
Related Trends
Existing Home Sales in Midwest Census Region
EXHOSLUSMWM495S
Expenditures: Apparel, Women and Girls by Region: Residence in the Midwest Census Region
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Expenditures: Fuel Oil and Other Fuels by Region: Residence in the Midwest Census Region
CXUOTHRFUELLB1103M
Expenditures: Poultry by Region: Residence in the Midwest Census Region
CXUPOULTRYLB1103M
New Privately Owned Housing Starts Median Square Feet of Floor Area for One-Family Units in the Midwest Census Region
HOUSTSFLAM1FMWQ
Expenditures: Cash Contributions by Region: Residence in the Midwest Census Region
CXUCASHCONTLB1103M
Citation
U.S. Federal Reserve, New Privately Owned Housing Starts Median Square Feet of Floor Area for Two or More Units in the Midwest Census Region (HOUSTSFLAM2UMMWQ), retrieved from FRED.