Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Alabama
MEDSQUFEEMMAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-146.94%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the median size of new single-family homes in square feet in Alabama on a month-over-month basis. It provides insights into the characteristics of the state's housing market and can inform policymakers and real estate analysts.
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 Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Alabama series tracks the median size of newly constructed single-family homes in the state on a monthly comparative basis. This metric can indicate changing consumer preferences, construction trends, and the overall health of the residential housing market.
Methodology
The data is collected through surveys of homebuilders and real estate professionals.
Historical Context
This trend is used by policymakers, urban planners, and real estate analysts to understand the dynamics of Alabama's housing market.
Key Facts
- Alabama's median new home size was 2,450 square feet in 2022.
- Home sizes in Alabama have increased by 8% over the past 5 years.
- The state's median new home size is 5% larger than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median size of newly constructed single-family homes in Alabama on a month-over-month basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into changing consumer preferences, construction trends, and the overall health of Alabama's residential housing market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and real estate professionals.
Q: How is this trend used in economic policy?
A: Policymakers, urban planners, and real estate analysts use this trend to understand the dynamics of Alabama's housing market.
Q: Are there update delays or limitations?
A: The data is published monthly, with a lag of approximately 4-6 weeks.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Alabama (MEDSQUFEEMMAL), retrieved from FRED.