New Privately Owned Housing Starts in the United States, Average Square Feet of Floor Area for One-Family Units : 2363 (As of 2024-04-01)
Basic Info
The metric tracks the average size of newly constructed single-family homes in terms of floor area at the time construction begins. This metric is a key indicator of trends in housing design and consumer preferences, providing insights into how the average size of new homes evolves in response to economic conditions, market demand, and societal trends.
Notes: There has been a noticeable pattern of shrinking average housing unit sizes starting in 2015, following a decade-long increase since 1999. This change can be attributed to shifts in consumer preferences, rising construction costs, and ongoing affordability issues. (2024)
Quarterly , seasonally adjusted .
New Privately Owned Housing Starts in the United States, Average Square Feet of Floor Area for One-Family Units was 2363 as of 2024-04-01, according to United States Census Bureau. Historically, New Privately Owned Housing Starts in the United States, Average Square Feet of Floor Area for One-Family Units reached a record high of 2736 and a record low of 2210, the median value is 2483. Typical value range is from 2450 to 2641. The Year-Over-Year growth is -1.74%. GuruFocus provides the current actual value, an historical data chart and related indicators for New Privately Owned Housing Starts in the United States, Average Square Feet of Floor Area for One-Family Units - last updated on 2024-04-01.
| Category | Production & Business Activity |
| Region | USA |
| Source | United States Census Bureau |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 2363 | ||
| Latest Period | 2024-04-01 | ||
| Long Term Average | 2,545.51 | ||
| Average Annualized Growth Rate | +0.27% | ||
| Value from 1 year ago | 2405 | ||
| Change from 1 year ago | -1.75% | ||
| Frequency | Quarterly | ||
| Unit | Thousands | ||
| Download Source | source link |
Related Indicators
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