The boom in smaller construction has cut median new-home sizes by 4 percent in the past year, to 2,179 square feet, census data shows, the lowest reading since 2010. That's helped bring down overall costs and contributed to a 6 percent dip in new-home prices in the same period.
Mar 10, 2024
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Aug 25, 2023 · After decades of growth, U.S. home sizes are shrinking, though the new trend hasn't done much to make them more affordable.
Aug 25, 2023 · Why it matters: People are holding onto their homes longer, and newly constructed abodes are getting smaller to compensate for rising costs, ...
Jun 26, 2019 · House sizes depend somewhat on the price of land nearby. If land is relatively cheap, house sizes remain the same or become larger. If land ...
Aug 28, 2023 · New-unit sizes for homes have decreased 13% nationally since 2015, according to the Census Bureau. Yet, the cost per square foot has ...
Dec 14, 2023 · According to Moody's, the country currently has a shortfall of 1.5 million homes. The National Association of Home Builders (NAHB) projects the ...
Sep 8, 2023 · But one measure of the American population is consistently shrinking: the average household size. According to the Census Bureau's annual ...
7 days ago · Zonda's Wolf told Fortune that between August 2018 and August 2023, new homes across the country fell from 2,681 square feet to 2,420 square ...
Oct 17, 2023 · Over the next five years, new homes shed about 200 square feet as costs rose, urban living boomed and smaller families became more common. The ...
Dec 5, 2020 · Lots have gotten smaller. Land is getting more sparse as more property is being built. Houses on smaller lots can give perspective of la.
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