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Fewer and smaller new single-family homes being built

The number of new single-family homes sold in 2018 is only about half of the number sold prior to the housing crisis. According to the census bureau, in 2005 1,283,000 homes were sold. During the following years fewer and fewer were sold until 2012 when the numbers...

New home sizes are decreasing

New home sizes decreased for the fourth year in a row in 2018. From 2015 to 2018, the median size of new housing decreased from 2,466 sq ft to 2,354 sq ft, according to the Census Bureau. This follows the shift from post-recession where high value homes comprised a...