Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Mississippi
MEDSQUFEEYYMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.61
Year-over-Year Change
-191.04%
Date Range
7/1/2017 - 7/1/2025
Summary
This trend measures the year-over-year change in the median size of new homes built in Mississippi. It provides insights into the residential construction 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 Mississippi tracks the annual percent change in the average square footage of new single-family homes constructed in the state. This metric is used by economists and policymakers to analyze housing supply, consumer demand, and construction industry trends.
Methodology
The data is collected through surveys of residential builders and developers by the U.S. Census Bureau.
Historical Context
This indicator is closely monitored by real estate professionals, homebuilders, and government agencies to inform housing and economic policies.
Key Facts
- The median size of new homes in Mississippi averaged 2,358 square feet in 2021.
- Home sizes have increased by 5.2% in Mississippi over the past year.
- The state's average home size is 3.4% larger than the national median.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the year-over-year percent change in the median square footage of new single-family homes constructed in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into housing supply, consumer preferences, and construction industry activity in Mississippi, which are important for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of residential builders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by real estate professionals, homebuilders, and government agencies to inform housing and economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Mississippi (MEDSQUFEEYYMS), retrieved from FRED.