New Single Family Homes Shrinking To Keep Costs Down

For the third year in a row, new homes are shrinking.
But at almost 2,600 square feet, the average new home built in America is still far from a tiny house.
Most potential homebuyers say that they want a property smaller than the typical single-family house builders started in 2018.
So what gives?
Builders are starting smaller houses to try and reduce purchase prices, said Rose Quint, a top researcher with the National Association of Home Builders.
"Homes have been downsizing in the past three years," Quint said this week at the building industry's annual conference in Las Vegas. "This paints a picture of homebuilders trying to respond to the housing affordability crisis we have in the country.

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