Tag Archive for ‘single family home size’

Basements Didn’t Matter: New Homes Were Still Larger in 2015

A recent NAHB post shows that, after rising to a record high, the size of new single-family homes has leveled off and, as of the second quarter of 2016, is now trending downward slightly. Several things could be responsible.  NAHB (and others) have emphasized a changing mix of repeat and first-time home buyers.  Before focusing exclusively on this, however, it would be good… Read More ›

New Single-Family Home Size Declining

After increasing and leveling off in recent years, new single-family home size declined during the second quarter of 2016. This change marks a reversal of the trend that had been in place as builders focused on the higher end of the market during the recovery. As the entry-level market expands, including growth for townhouses, typical new home size is expected to… Read More ›

Little Change for New Single-Family Home Size

The typical size of newly built single-family homes was effectively unchanged from the third to fourth quarter of 2015. The current data is consistent with the general trend of flat growth for the size of typical newly-built homes, a pattern that took hold during 2014. As first-time buyers return to the market, typical home size is expected to trend somewhat lower. According to fourth quarter 2015 data from the Census Quarterly Starts… Read More ›

New Single-Family Home Size: Flat Trends

The typical size of newly built single-family homes was effectively unchanged from the second to third quarter of 2015, posting a small quarterly decline. The current data is consistent with the general trend of flat growth for the size of typical newly-built homes, a pattern that took hold during 2014. As first-time buyers return to the market, typical home size is expected to trend somewhat lower. According to third quarter 2015 data… Read More ›

Average Size of New Single-Family Homes at the End of 2013

The size of a typical new single-family home declined slightly for the final quarter of 2013, although the trend for the year was one of increasing size. The trend is likely due to an atypical mix of buyers. According to fourth quarter 2013 data from the Census the Quarterly Starts and Completions by Purpose and Design survey, the average single-family square footage decreased from 2,701 to… Read More ›