Seriously, it's true:The median home size in America was near 2,300 square feet at the peak of the market in 2007, with many McMansions topping 10,000 square feet.
Today, the median home size has dropped to about 2,100 square feet and more than one-third of Americans say their ideal home size is actually under 2,000 square feet, according to a survey by real-estate site Trulia.
“The whole glow of bigness kind of wore off all of a sudden,” said Sarah Susanka, an architect and the author of “The Not So Big House” book series.
Builders are responding by chopping out rooms that people just don’t use anymore, particularly formal living rooms and sitting rooms.
A couple of points: First, the peak of the market was in 2005 or 2006, depending on whether you're measuring home buying activity or prices, respectively. Second, with so few homes being added to the existing stock there's no way the median home has shrunk by about 10% in three years. The sizes listed are probably the medians for
new homes, not all homes, although the author doesn't say that.
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"A couple of points: First, the peak of the market was in 2005 or 2006, depending on whether you're measuring home buying activity or prices, respectively"
ReplyDeleteDont you think they could have been referencing size? My assumption was they are saying the peak not for prices or activity but home size was 2007.
I agree with you on the 2nd point. That must be medians for new homes only.
Bigger houses, more features, didn't really cost that much more to build, but such things would help make houses more appealing in a crowded market.
ReplyDeleteNow austerity is the word of the day, less is the new more.
jj
I've noticed in my inspections that people are trying to get more out of smaller footprints. Glad to see it!
ReplyDeleteYou mean obese tv potatoe couch america doesnt use the living room anymore?? I bet they dont eat cheeseburgers anymore either. lol
ReplyDelete