Jun
01
U.S. Homes Are Finally Shrinking
ByThe median home size decreased slightly in 2016, but it’s still historically high at a time when smaller houses are in demand.
It’s not quite a tiny-house movement, but homebuyers frustrated by the lack of listings that fit their budget will probably take it.
In the aftermath of the U.S. foreclosure crisis, homebuilders focused on the top end of the market, where it was easier to find attractive profit margins and credit-worthy borrowers. The median size of a new single-family home increased year after year, reaching a high of 2,467 square feet in 2015—49 percent bigger than in 1978 and 8 percent larger than the prerecession peak in 2007…
U.S. Homes Are Finally Shrinking
