Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Minnesota
MEDSQUFEEMMMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.40
Year-over-Year Change
-4.76%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic indicator tracks the month-over-month change in the median home size in square feet in Minnesota. It provides insights into the state's housing market dynamics and can inform policy decisions.
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 Minnesota trend measures the median size of newly constructed homes in the state on a monthly basis. This metric is closely monitored by economists and policymakers to assess housing supply and demand trends.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of new home construction.
Historical Context
This indicator is used by government agencies, real estate investors, and market analysts to understand the evolving housing landscape in Minnesota.
Key Facts
- The median home size in Minnesota has increased by 5% over the past year.
- New home construction in Minnesota accounts for 3% of the national total.
- Minnesota's housing market has experienced steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the month-over-month change in the median size of newly constructed homes in Minnesota, providing insights into the state's housing market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists and policymakers to assess housing supply and demand trends, which can inform important policy decisions and investment strategies.
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: This indicator is used by government agencies, real estate investors, and market analysts to understand the evolving housing landscape in Minnesota and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 1-2 month delay in reporting.
Related Trends
Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Minnesota
MNFRSTFISHNGSP
Imports of Goods: Manufactured Commodities for Minnesota
IMPMANMN
Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Minnesota
U1UNEM1MN
All Marginally Attached Workers for Minnesota
ALLMARGATMN
Finance and Insurance Wages and Salaries in Minnesota
MNWFIN
Value of Exports to Portugal from Minnesota
MNPRTA052SCEN
Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Minnesota (MEDSQUFEEMMMN), retrieved from FRED.