Archive for the 'Home Style' Category

Big News….Smaller Sizes !

Jun 15th 2010

Related Posts: Home Style, Real Estate News

hi

The size of new single-family homes declined again in 2009, dropping to a nationwide average of 2,438 square feet, according to information about new home characteristics released recently by the U.S. Census Bureau (http://www.census.gov/const/www/charindex.html). For nearly 30 years, the average size of new U.S. homes increased, peaking at 2,521 square feet in 2007. It was essentially flat in 2008 and then dropped, so that new single-family homes were almost 100 square feet smaller in 2009 than in 2007.
 
In keeping with their slightly smaller size, new single-family homes completed in 2009 had fewer bedrooms than previously. After increasing for almost 20 years, the proportion of single-family homes with four bedrooms or more topped out at 39 percent in 2005; it was 34 percent last year. The proportion of single-family homes with three bedrooms increased from 49 percent to 53 percent between 2005 and 2009.

New single-family homes completed last year also had fewer bathrooms. The proportion of homes with three or more bathrooms was 24 percent last year, a decline from the peak of 28 percent in both 2007 and 2008. The percentage of single-family homes with two bathrooms increased from 35 to 37 percent last year, and the percentage with 2 or 2 ½ bathrooms was at 31 percent for the third consecutive year. The proportion of single-family homes with 1 or 1½ bathrooms has been below 10 percent for more than a decade.

So in this era if youy do not need itr for sure ….don’t buy it……..sharing is back in style.

Posted by Broker Blogger | Currently No Comments »