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Tag: home size

  • Construction Statistics
  • Single-Family

Single-Family Home Size Increases

Robert DietzFebruary 24, 2025February 20, 202502 mins

An expected impact of the virus crisis was a need for more residential space, as people used homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended…

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  • Construction Statistics
  • Single-Family

Single-Family Home Size Nearing Turning Point?

Robert DietzNovember 25, 2024November 20, 202402 mins

An expected impact of the virus crisis was a need for more residential space, as people used homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended…

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  • Construction Statistics
  • Single-Family

Flat Conditions for Single-Family Home Size

Robert DietzAugust 21, 2024August 19, 202402 mins

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended…

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  • Construction Statistics
  • Single-Family

Market Share of 5,000+ Square Foot Homes Declines in 2023

Ashok ChaluvadiJuly 26, 2024July 26, 202402 mins

The number of homes started in 2023 exceeding 5,000 square feet, dropped to 26,000, a decrease from 29,000 in 2022, according to the annual data from the Census Bureau’s Survey of Construction (SOC). In 2006, the number of new 5,000+ square foot homes reached a peak of 45,000. This number proceeded to drop during the Great Recession…

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  • Single-Family

New Single-Family Home Size Decline Continues

Robert DietzMay 21, 2024May 21, 202402 mins

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended…

Read more

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