New single-family homes are getting bigger
Source: National Assn. of Homebuilders
The pandemic has prompted more Americans to want to supersize their homes. The median single-family square floor area as increased to 2,337 square feet as of the third quarter, while the average (mean) square footage of new single-family homes rose to 2,541, according to the latest Census Bureau data, as reported by the National Association of Home Builders.
The average size of new single-family homes is 6.2% bigger since the lows reached during the Great Recession.