new home size | Eye On Housing

Home Sizes: Demand versus Supply

Paul EmrathAugust 7, 2024August 7, 202403 mins

The share of new single-family homes built in the 1,600-3,000 square-foot range closely matches the share of buyers who want homes of that size, according to recent surveys from NAHB and the U.S. Census Bureau. The surveys show that 21% of buyers want homes with 1,600 to 1,999 square feet, and 22% of new 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…