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Survey shows buyers willing to trade square footage for amenities

Jan 12, 2017
The average size of newly-built homes decreased in 2016 – a sign that the home building industry is preparing for the coming wave of first-time buyers as Millennials begin to dip their toes into the market, according to research and survey results released by the National Association of Home Builders (NAHB). In 2015, the typical new home had 2,689 square feet. In 2016, it dropped to 2,634, according to figures supplied by the U.S. Census Bureau. That's the first drop in size since 2009, said Rose Quint, NAHB assistant vice president for survey research.

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New York first quarter statewide home sales strong 
despite slide from record pace

With 25,192 closed sales across the Empire state in the first quarter, the housing market posted a strong start to 2018, even as it fell short of 2017’s record. The first quarter 2018 statewide median sales price of $260,000 represented an increase of 7.4 percent from a year ago. Click here to read more.

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