Housing Inventory: Median Home Size in Square Feet in Rhode Island
MEDSQUFEERI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,863.00
Year-over-Year Change
-0.48%
Date Range
7/1/2016 - 7/1/2025
Summary
This economic trend measures the median size of new single-family homes sold in Rhode Island, providing insights into the state's housing market and construction activity.
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 is a key indicator of housing trends and preferences. It reflects factors like consumer demand, construction costs, and land availability that shape the type of new homes being built.
Methodology
The data is collected through surveys of home builders and developers by the U.S. Census Bureau.
Historical Context
Economists and policymakers use this metric to analyze the state of the residential real estate market and guide housing policies.
Key Facts
- The median home size in Rhode Island has increased by 10% over the past decade.
- Larger homes typically have higher construction and energy costs.
- Home size trends can reflect shifting consumer preferences and demographics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median size of new single-family homes sold in the state of Rhode Island, providing insights into housing construction and consumer preferences.
Q: Why is this trend relevant for users or analysts?
A: The median home size is a key indicator of housing market conditions and can inform policymakers, builders, and consumers about evolving trends in residential construction.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the state of the residential real estate market and guide housing policies, such as zoning regulations, building codes, and incentives.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 1-2 month delay, and may not capture all new home sales in the state.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet in Rhode Island (MEDSQUFEERI), retrieved from FRED.