Housing Inventory: Median Home Size in Square Feet in North Carolina
MEDSQUFEENC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,969.00
Year-over-Year Change
-0.56%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Home Size in Square Feet in North Carolina' trend tracks the median square footage of new single-family homes sold in North Carolina. This metric provides insight into the size preferences and construction trends of the state's housing market.
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 measures the median size, in square feet, of new single-family homes sold in North Carolina. It is a key indicator of consumer preferences, construction activity, and the overall supply and demand dynamics in the state's housing market.
Methodology
The data is collected through surveys of homebuilders and real estate agents by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, developers, and market analysts to understand North Carolina's residential construction and home buying patterns.
Key Facts
- North Carolina's median new home size was 2,434 square feet in 2022.
- Home sizes have increased by 25% in North Carolina over the past decade.
- Larger homes are more common in suburban and exurban areas of the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median square footage of new single-family homes sold in the state of North Carolina. It provides insights into consumer preferences and construction activity in the state's housing market.
Q: Why is this trend relevant for users or analysts?
A: The median home size in North Carolina is a key indicator of housing supply, demand, and consumer preferences. It is closely monitored by policymakers, developers, and market analysts to understand broader trends in the state's residential construction and home buying patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and real estate agents by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, urban planners, and housing market analysts to assess the state's residential construction activity, consumer preferences, and overall supply and demand dynamics. It informs decisions around zoning, infrastructure, and housing development policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, with a typical 1-2 month delay. The sample size may not fully capture all new home sales in North Carolina, but it is considered a reliable indicator of broader market trends.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet in North Carolina (MEDSQUFEENC), retrieved from FRED.