Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Maryland
MEDSQUFEEMMMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
N/A%
Date Range
7/1/2017 - 7/1/2025
Summary
This trend measures the median size of new single-family homes in square feet on a month-over-month basis for the state of Maryland. It provides insights into the housing market and construction industry in the 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 Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Maryland tracks the median square footage of newly built single-family homes in the state. This metric is used by economists and policymakers to analyze trends in the housing market and construction sector.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of new home construction.
Historical Context
This trend is relevant for understanding the supply and demand dynamics in the Maryland housing market.
Key Facts
- Maryland's median new home size was 2,450 square feet in 2022.
- Home sizes have increased by 5% in Maryland over the past 5 years.
- The largest new homes are typically built in the suburbs of major cities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median size of newly constructed single-family homes in square feet for the state of Maryland on a month-over-month basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the housing and construction sectors in Maryland, which are important indicators of economic activity and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of new home construction.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand supply and demand dynamics in the Maryland housing market, which can inform decisions on zoning, infrastructure, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 4-6 week delay. The sample size may not fully represent all new home construction in the state.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Maryland (MEDSQUFEEMMMD), retrieved from FRED.