Small is Beautiful…Again

The increasing movement toward smaller homes has gained in popularity throughout the nation.  NAHB’s Consumer Preferences reports a continued interest in smaller homes.  Between 2009 and 2015, the median square footage of a new single-family home grew from 2,135 to 2,467.  But, in 2010, builders indicated they would be building smaller homes moving forward.  We have seen that over the last two years, as the home sizes have gradually decreased to 2,388 square feet.  Consumers in a direct response to the consumer survey indicated price, energy efficiency, home organization and comfort as the key factors influencing a new home purchase decision.  This survey supports our observations that The Great Recession […]

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