Trends in Mid-Sized New Homes
Are New Homes Getting Smaller?There have been a number of reports that the average new home is 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 in the 2400 to 2999 sq ft range, according to the U.S. Census Bureau, and see what we can learn about today's new homes.
- There is a higher percentage of homes 2400 to 2999 sq ft being built than in 1999 and 2000.
- The percentage of new homes in this size range is equal to the percentage in 2001 to 2003.
- The percentage of new homes built in this size range INCREASED in 2010 vs 2008 and 2009.
- The boom year of 2006 had the largest percentage of new homes in this size range.
Keep in mind, new homes include townhomes, detached homes, and other single family homes. Find out more about what's happening in other home sizes below:
Raleigh New Homes - Most Popular 2400 to 2999 Square Foot Home Designs:
Check out some of Raleigh's most popular new home designs.
More New Home Size Trend Topics: