New Privately Owned Housing Starts in the United States, Median Square Feet Per Unit for Two or More Units
: 1004 (As of 2025-01-01) NEW
Basic Info
The metric tracks the median size of newly constructed residential units in multi-family buildings that contain two or more units. The use of the median, as opposed to the average, reduces the impact of outliers, providing a clearer view of typical unit sizes.
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, Median Square Feet Per Unit for Two or More Units was 1004 as of 2025-01-01, according to United States Census Bureau. Historically, New Privately Owned Housing Starts in the United States, Median Square Feet Per Unit for Two or More Units reached a record high of 1230 and a record low of 977, the median value is 1088. Typical value range is from 1009 to 1096. The Year-Over-Year growth is -2.99%. GuruFocus provides the current actual value, an historical data chart and related indicators for New Privately Owned Housing Starts in the United States, Median 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 | 1004 | ||
| Latest Period | 2025-01-01 | ||
| Long Term Average | 1,052.80 | ||
| Average Annualized Growth Rate | -0.18% | ||
| Value from 1 year ago | 1035 | ||
| Change from 1 year ago | -3% | ||
| Frequency | Quarterly | ||
| Unit | Thousands | ||
| Download Source | source link |
Related Indicators
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