The Changing Landscape of Single-Family Homes
As household spending and income adapt to meet the needs of today’s economic conditions, new single-family home have followed suite. In a surprise divergence from recent trends, homes seem to be on a growth spurt again.
According to the latest Census Bureau data homes for the first half of 2011 new home being built were following this surprising trend. Data found that in comparison to 2010 the average size of homes grew along with the number of four+ bedroom homes.
This data is surprising considering that many potential homebuyers have been sidelined by high unemployment and weak economic growth…