Housing Inventory: Median Home Size in Square Feet Month-Over-Month in North Carolina
MEDSQUFEEMMNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.63
Year-over-Year Change
173.91%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the month-over-month change in the median home size in square feet for North Carolina. It provides insights into the evolving housing market dynamics within the state.
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 median home size in square feet for North Carolina is an important indicator of housing market trends. It reflects the typical size of newly constructed homes and can signal shifts in consumer preferences, construction activity, and overall housing supply.
Methodology
The data is collected through surveys of homebuilders and real estate professionals in North Carolina.
Historical Context
This metric is closely monitored by policymakers, urban planners, and real estate analysts to understand the state's housing market conditions.
Key Facts
- The median home size in North Carolina has increased by 3.2% over the past year.
- The average size of new homes in North Carolina is 2,500 square feet.
- North Carolina has seen a 15% increase in housing construction activity in the past quarter.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in the median home size in square feet for newly constructed homes in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into evolving housing market dynamics, consumer preferences, and construction activity within North Carolina.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and real estate professionals in North Carolina.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, urban planners, and real estate analysts to understand the state's housing market conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a 2-month delay.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Month-Over-Month in North Carolina (MEDSQUFEEMMNC), retrieved from FRED.