Tags: average | home size | shrinks | square feet

Average Home Size Shrinks 100 Square Feet Since 2015

Average Home Size Shrinks 100 Square Feet Since 2015
(Fred Hayes/Getty Images)

By    |   Friday, 13 October 2017 04:26 PM

Land and labor shortages have resulted in smaller homes being built across the United States.

According to Bloomberg, the average size of a new home built is now 2,420 square feet, 100 square feet smaller than the high of 2,520 in 2015.

The size of new homes had previously increased by a third between 1990 and 2015.

A study earlier this year, meanwhile, concluded that the drop in home ownership may have hit its bottom.

Foreign investment and purchases in U.S. residential real estate jumped to a new high this year, with $153 billion worth of properties closed on between April 2016 and March 2017.

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Land and labor shortages have resulted in smaller homes being built across the United States.
average, home size, shrinks, square feet
105
2017-26-13
Friday, 13 October 2017 04:26 PM
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