Survey shows buyers willing to trade square footage for amenities
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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