Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Arizona
MEDSQUFEEYYAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.99
Year-over-Year Change
-65.02%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the year-over-year change in median home size in square feet in Arizona. It provides insight into the housing market and construction industry in 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 Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Arizona series tracks the annual percent change in the median size of newly constructed homes in Arizona. This metric is closely monitored by housing analysts and policymakers to understand shifts in consumer preferences, construction trends, and the overall health of the residential real estate market.
Methodology
The data is collected through surveys of home builders and real estate professionals in Arizona.
Historical Context
Changes in median home size can signal evolving consumer demand and have implications for housing affordability, construction activity, and broader economic conditions.
Key Facts
- Arizona median home size increased 4.2% year-over-year in 2022.
- The average new home in Arizona was 2,150 square feet in 2021.
- Home sizes have trended larger over the past decade in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the year-over-year percent change in the median size of newly constructed homes in Arizona, providing insight into housing market dynamics.
Q: Why is this trend relevant for users or analysts?
A: Changes in median home size can signal evolving consumer preferences, construction industry trends, and broader conditions in the Arizona housing market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and real estate professionals in Arizona.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to understand housing affordability, construction activity, and broader economic conditions in Arizona.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Arizona (MEDSQUFEEYYAZ), retrieved from FRED.