Monday, September 12, 2011

Downsizing Trend Shows Signs of Reversing

New-home sizes had shown signs of shrinking since the housing crisis and recession. However, Americans are still showing signs of living large.

A new-home built in 2010 averaged 2,392 square feet — still more than 650 square feet larger than in 1980, according to U.S. Census Bureau data. While square footage in new homes have dropped slightly since 2007 (when it as 2,521 square feet), new-home sizes are still bigger than what they were from three decades ago. In 1980, new homes were, on average, 1,740 square feet.

With the extra square footage nowadays, home owners are adding more rooms. For example, in 1980, more than 25 percent of all new homes had 1.5 bathrooms or less. In 2010, only 8 percent of homes had 1.5 or fewer bathrooms, while the overwhelmingly majority had a lot more.

Source: “The Way We Live Now is Bigger,” (Sept. 8, 2011)

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