New Privately Owned Housing Starts in the United States, Average Square Feet Per Unit for Two or More Units
: 1027 (As of 2025-01-01) NEW
Basic Info
The metric tracks the average size of new residential units in multi-family buildings (those with two or more units) at the start of construction. This metric provides insight into trends in multi-family housing design and construction, reflecting shifts in consumer preferences, economic conditions, and housing market dynamics.
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)
New Privately Owned Housing Starts in the United States, Average Square Feet Per Unit for Two or More Units was 1027 as of 2025-01-01, according to United States Census Bureau. Historically, New Privately Owned Housing Starts in the United States, Average Square Feet Per Unit for Two or More Units reached a record high of 1342 and a record low of 1027, the median value is 1147. Typical value range is from 1051 to 1153. The Year-Over-Year growth is -1.91%. 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 Per Unit for Two or More Units - last updated on 2025-01-01.
| Category | Production & Business Activity |
| Region | USA |
| Source | United States Census Bureau |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 1027 | ||
| Latest Period | 2025-01-01 | ||
| Long Term Average | 1,101.68 | ||
| Average Annualized Growth Rate | -0.39% | ||
| Value from 1 year ago | 1047 | ||
| Change from 1 year ago | -1.91% | ||
| Frequency | Quarterly | ||
| Unit | Thousands | ||
| Download Source | source link |
Related Indicators
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