Housing Inventory: Median Home Size in Square Feet in Arizona
MEDSQUFEEAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,905.00
Year-over-Year Change
-0.99%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Home Size in Square Feet in Arizona' trend measures the median size of newly constructed homes in Arizona. This metric is a key indicator of housing market dynamics and consumer preferences.
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
This series tracks the median square footage of new single-family homes completed in the state of Arizona. It provides insights into evolving home sizes and can signal shifts in consumer demand, construction trends, and regional development patterns.
Methodology
The data is collected by the U.S. Census Bureau through surveys of homebuilders.
Historical Context
Policymakers and real estate analysts monitor this trend to understand housing market conditions and the evolving needs of homebuyers.
Key Facts
- The median new home size in Arizona was 2,400 square feet in 2021.
- Home sizes have increased by 25% in Arizona over the past decade.
- Larger homes may signal growing affluence and family sizes in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median square footage of newly constructed single-family homes in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into evolving consumer preferences, construction trends, and regional housing market dynamics.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of homebuilders.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts monitor this trend to understand housing market conditions and the evolving needs of homebuyers.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insights into the Arizona housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet in Arizona (MEDSQUFEEAZ), retrieved from FRED.