Real Estate News

Large homes reach significant milestone

Published: 22 Jun 2017

From an anecdotal perspective, it usually seems like tiny houses and small urban apartments make up much of the homes on the market these days. As far as construction is concerned, though, the opposite may be true, at least according to recent housing-related census data.

Information from the 2016 Characteristics of New Housing report shows, among other things, the changing trends in square feet size of new single-family homes. The report said that the number of these homes with 4,000 square feet or more has climbed steadily upward since 2011.

In that year, these large houses made up a small aount of this category's home sales, but in 2016, the number was 79 units. While other sizes of homes grew as well, not all did as dramatically as the 4,000+ range, with the number of homes with less than 1,400 square feet or less staying the same in both 2015 and 2016.

Of course, understanding this information could be easier with the proper context. An article in Bloomberg pointed out that some of the trends in home space seem contradictory. While the amount of space per person has grown since the late 19th century, for example, the overall size of space of the home has gone down. Despite the concern about recent decreases, the average size did grow in the second half of the 20th century, the source added, citing details from a 2015 study published in PLOS.org.

Another point the Bloomberg piece made was that the actual impact of the housing boom needs to keep the average amount of residents in mind as well, since this could impact the actual reality of the new trends. The PLOS source found a general sense of consistency over the years in terms of the size of all U.S. homes on average.