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New Single-Family Home Size Declined in 2014

Posted in Industry News

New Single-Family Home Size Declined in 2014

According to fourth quarter 2014 data from the Census Quarterly Starts, the typical size of newly built single-family homes declined during 2014, and the NAHB expects that as more first-time buyers return to the market, typical home size will continue to decline slightly.

Average square footage for new single-family homes ticked up somewhat during the fourth quarter to 2,625 sq. ft. but is below the first quarter estimate of 2,727. The annual estimate of average (2,624 sq. ft.) single-family square footage for 2014 was less than 2013 (2,669). 

Read the full article at NAHB here.

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