Market Watch
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Newly constructed homes are growing larger, data shows
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For all the things the recession has done to impair the housing market over the past few years, reducing the size of new homes being built is not one of them.
The National Association of Home Builders (NAHB), citing Census Bureau data, reported that new home construction has been dominated by a bigger-is-better ethos over the past four years.
“The average home size has continued to rise for the past four years, from 2,362 square feet in 2009 to 2,679 square feet in 2013,” said Rose Quint, NAHB assistant vice president for survey research.
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