New Home Trends: Smaller Homes?
What Size New Home is Most Popular?
Are New Homes Getting Smaller?
We've all heard that the average new home size has been shrinking. But an average is an interesting thing. An average of a group of numbers can get lower through a wide variety of different situations. Here are a few examples:
- Fewer "extra large" new homes are built, but no change is made in other size homes.
- Fewer "large" new homes are built, and more "small" new homes are built.
- The same amount of "large" new homes are built, but more "small" new homes are built.
- The size of every home built is reduced.
Let's look at the percent distribution of new homes, according to the U.S. Census Bureau
, and see what we can learn about today's new homes.
- In 2010, 13% of new homes were 1400 square feet or less.
- Over the past 12 years, the least amount of homes under 1400 square feet were built in 2005 through 2007.
- In 1999, 12 years ago, a total of 15% of new homes built were under 1400 square feet.
- 2008 through 2010 showed a 30% increase in the percent distribution of new homes built under 1400 square feet, versus the boom years of 2005 through 2007.
- In 1999, the percent distribution was 13% higher than in 2010 - more new homes under 1400 square feet were built in 1999.
Remember, new homes include townhomes and other smaller residences.
Now let's take a look at homes in the 1400 to 1799 square foot size range.
- 19% of new homes built in 2010 were 1400 to 1799 sq ft.
- Only two years out of the past 12 had fewer homes built in this size range - 2007 and 2008 showed 18% of all new homes were 1400 to 1799 square feet.
- Seven out of the past 12 years had a HIGHER percentage of homes in this size range.
Interesting - looks like even though overall average size of new homes is just a little smaller, we're actually seeing a smaller percentage of new homes in the 1400 to 1799 square foot size range.
Most Popular Raleigh New Homes 1799 Sq Ft or Smaller:
Here are some of the most popular smaller floor plans, with a focus on one story homes available in the greater Raleigh area.
More New Home Size Trend Topics:
New Home Size Trends - What's Happened over 40 Years?
2012 New Home Trends - Homes 1799 Square Feet and Smaller
2012 New Home Trends - Trends in Homes from 1800 to 2399 Square Feet
2012 New Home Trends - Trends in Homes from 2400 to 2999 Square Feet
2012 New Home Trends - Trends in Homes from 3000 to 3999 Square Feet
2012 New Home Trends - Trends in Homes 4000+ Square Feet
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