Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Pennsylvania
MEDSQUFEEYYPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.77
Year-over-Year Change
-578.38%
Date Range
7/1/2017 - 7/1/2025
Summary
This trend measures the year-over-year change in the median size of new single-family homes in Pennsylvania. It provides insights into the characteristics of the state's housing stock 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 metric tracks the typical size of new homes built in Pennsylvania. This indicator is useful for analyzing housing supply, consumer preferences, and construction industry trends in the state.
Methodology
The data is collected through surveys of home builders and real estate developers.
Historical Context
Policymakers and housing market analysts use this metric to assess the state of Pennsylvania's residential construction sector.
Key Facts
- Median home size in Pennsylvania was 2,430 square feet in 2021.
- Home sizes have increased by 3.2% year-over-year on average over the past decade.
- Larger homes may reflect evolving consumer preferences and building trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the median size of new single-family homes constructed in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Tracking the median home size provides insights into housing supply, consumer preferences, and construction industry activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home builders and real estate developers.
Q: How is this trend used in economic policy?
A: Policymakers and housing market analysts use this metric to assess the state of Pennsylvania's residential construction sector.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have a 1-2 month publication delay.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Pennsylvania (MEDSQUFEEYYPA), retrieved from FRED.