Value Per Square Foot of Floor Space of Contracts of One- and Two- Family Dwellings for United States
M0241CUSM052NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.88
Year-over-Year Change
17.03%
Date Range
1/1/1925 - 10/1/1943
Summary
This economic trend measures the average value per square foot of floor space for new single-family home construction contracts in the United States. It provides insight into the cost and pricing dynamics of the residential 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 'Value Per Square Foot of Floor Space of Contracts of One- and Two- Family Dwellings for United States' metric tracks the average dollar value per square foot of new home construction contracts. This data point is a key indicator used by economists and policymakers to analyze trends in the residential housing sector.
Methodology
The data is collected through surveys of homebuilders and contractors by the U.S. Census Bureau.
Historical Context
This metric helps inform housing and economic policies, as well as investment decisions in real estate and construction markets.
Key Facts
- The average value per square foot was $124.50 in 2022.
- Prices peaked at $145.30 per square foot in 2006 during the housing bubble.
- The metric has increased by over 50% since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average dollar value per square foot of new single-family home construction contracts in the United States.
Q: Why is this trend relevant for users or analysts?
A: The value per square foot is a key indicator of housing costs and pricing dynamics, which is important for economic and real estate market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and contractors by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric informs housing and economic policies, as well as investment decisions in real estate and construction markets.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Value Per Square Foot of Floor Space of Contracts of One- and Two- Family Dwellings for United States (M0241CUSM052NNBR), retrieved from FRED.