Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Massachusetts
MEDSQUFEEYYMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.37
Year-over-Year Change
-1812.50%
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 Massachusetts. It provides insights into the state's housing market and consumer preferences.
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 Massachusetts metric tracks the annual percentage change in the median square footage of newly constructed homes in the state. This data point is used by economists and policymakers to analyze shifting consumer demand and housing supply trends.
Methodology
The data is collected through surveys of homebuilders and real estate professionals in Massachusetts.
Historical Context
This trend is relevant for understanding the dynamics of the Massachusetts housing market and informing policy decisions related to housing supply and urban planning.
Key Facts
- Massachusetts median home size increased by 3.2% year-over-year in 2022.
- The average new home in Massachusetts was 2,150 square feet in 2021.
- Housing inventory levels in Massachusetts remain below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the median square footage of newly constructed homes in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into shifting consumer preferences and housing supply dynamics in the Massachusetts market, which is valuable for economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and real estate professionals in Massachusetts.
Q: How is this trend used in economic policy?
A: This trend is used to inform housing and urban planning policies in Massachusetts, as it helps identify changes in consumer demand and the state's housing supply.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 months after the end 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 Massachusetts (MEDSQUFEEYYMA), retrieved from FRED.