Recent housing data shows that single-family new construction homes are increasing in size. COVID-19 has changed the way homeowners view their home and its square footage. Stay at home orders made homeowners live, work, school and play in their homes 24/7 during the height of the pandemic.
The Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis revealed in the third quarter 2021 report that the square footage went from 2,337 square feet to 2,541 square feet for a median single-family home.
The NAHB Eye on Housing reveals that median home size has is 9.3% higher since the Great Recession lows. The average size for a single-family home is now 6.2% higher on a one-year moving average basis since the recession.
If you are in the market for a new home contact your local Realtor. A local sales professional can help you with your new home.