NAHB Predicts Average Home Size Will Shrink Over the Next Few Years
Last month we told you about the National Association of Home Builders’ (NAHB) survey study that was presented at the NAHB International Builders’ Show, which revealed what builders expect new homes to be like within the coming years. That survey study predicted that homes will become greener and smaller by 2015. Recently, the NAHB told Builder magazine exactly how small they expect homes to be in a matter of two years.
According to Builder magazine, the average home is currently about 2,380 square feet in size, but the NAHB expects that number will drop to 2,150 square feet by 2013. Stephen Melman, the director of economic services for the NAHB, noted that affordability is driving all the decisions when it comes to new homes. He said that home buyers, especially those looking at custom homes, are saying “This is how much I can spend. How can we make it fit?”
One way smaller homes will achieve an open feeling as the average home size decreases is through a spacious, open floor plan. Many consumers have noted that a great room, as opposed to several smaller rooms, is the No. 1 item on their wish list for a new home. Additionally, walls are being eliminated, ceilings raised, and brighter, more interesting materials are being used to make spaces fee larger.
We found this information to be very interesting and intriguing. If you would like to read more, check out the article “The Shrinking New Home” on the Builder magazine website.
Photo credit: Nahb.org.