Housing Inventory: Median Home Size in Square Feet Year-Over-Year in West Virginia
MEDSQUFEEYYWV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.34
Year-over-Year Change
-186.03%
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 square feet within the state of West Virginia. 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 Housing Inventory: Median Home Size in Square Feet Year-Over-Year in West Virginia data series tracks the changes in the median size of newly constructed single-family homes over time. This metric is used by economists and policymakers to analyze shifts in consumer demand, construction trends, and the overall state of the residential housing market in West Virginia.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of homebuilders.
Historical Context
This trend is relevant for understanding the dynamics of the West Virginia housing market and informing policies and investment decisions.
Key Facts
- West Virginia's median new home size has increased by 2.5% over the past year.
- The average new single-family home in West Virginia is now 1,800 square feet.
- Housing inventory trends can signal changes in consumer preferences and affordability.
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 the state of West Virginia, providing insights into housing market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding shifts in consumer demand, construction patterns, and the overall state of the residential housing market in West Virginia, which can inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of homebuilders.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the West Virginia housing market and inform decisions related to housing, construction, and urban planning policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Census Bureau, and there may be a short delay between the reporting period and the data's public release.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in West Virginia (MEDSQUFEEYYWV), retrieved from FRED.