A new report from the U.S. Census bureau shows that Americans are starting to build smaller homes. The average size of a home started in the third quarter was 2,438 square feet, down from 2,629 square feet in the second quarter, reports MarketWatch. A similar decrease was reported in the median size of a home that started construction, from 2,291 square feet in the second quarter to 2,090 square feet in the third. Analysts say people are “right-sizing” their homes, buying houses with the space they need and not a lot of extra room. Read the story here.
Americans building smaller homes
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