Housing Inventory: Median Home Size in Square Feet Year-Over-Year in North Carolina
MEDSQUFEEYYNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.56
Year-over-Year Change
-87.19%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the year-over-year change in the median size of new single-family homes in North Carolina. It provides insights into the evolving preferences and characteristics 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
The median home size in square feet trend tracks the typical size of newly constructed single-family homes in North Carolina over time. This metric is used by economists and policymakers to understand shifting consumer demand and construction trends within the state's housing sector.
Methodology
The data is collected through surveys of homebuilders and developers by the U.S. Census Bureau.
Historical Context
Changes in median home size can signal broader economic and demographic factors affecting the North Carolina housing market.
Key Facts
- The median size of new single-family homes in North Carolina was 2,434 square feet in 2022.
- Home sizes have increased by 7.2% over the past 5 years in North Carolina.
- Larger home sizes may reflect growing affluence and preferences among North Carolina homebuyers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the median size of newly constructed single-family homes in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in median home size provides insights into evolving consumer preferences and construction patterns within North Carolina's housing market, which is valuable information for economists, policymakers, and real estate industry participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Shifts in median home size can signal broader economic and demographic factors affecting the North Carolina housing market, which is relevant for policymakers and analysts assessing the state's overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so the most recent figures may not fully reflect the latest market conditions.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in North Carolina (MEDSQUFEEYYNC), retrieved from FRED.