Are homemade masks effective?

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Are homemade masks actually effective at preventing the spread of disease, and if so can we quantify to what degree?

It drives me crazy that the only reason CDC gives for recommending them is "new evidence" that people can be asymptomatic for long periods of time (https://www.cdc.gov/coronavirus/2019-ncov/prevent-getting-sick/cloth-face-cover.html)