The End Of McMansions As We Know Them

Jon Real Estate Leave a Comment

Perhaps. From the incomprable Dena Mellick:

For the first time in nearly 15 years, the size of new homes being built in the U.S. is shrinking.
The U.S. Census Bureau says, on average, the footage of newly built homes fell to about 2,056 square feet in the first three months of this year, compared to the same time last year.
There’s a little bit of a debate as to why, though. Analysts say it could be a result of the recession. What’s unclear though, is whether it’s because of a change in attitudes or a change in who is purchasing homes.

Pretty interesting statistic. What say you? Is the era of McMansions over, or should I hold off before ordering that 300 square foot pod that I’ve had my eyes on?

Source: Money Matters Blog, ABC 7 Chicago

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Jon

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Jon Effron is widely regarded as one of the leading Realtors in Atlanta, working with both buyers and sellers throughout the metro area to maximize their real estate investments. In 2014, Jon was the #1 individual agent at Keller Williams Intown, one of the largest brokerages in Intown Atlanta. Prior to becoming a Realtor, Jon was the Vice President of Development at Tujay Group, an Atlanta real estate development firm. His career pre-real estate included stints at ABCNews.com, eGroups (now Yahoo! Groups) and Elite Traveler magazine, where he served as the Vice President of Marketing.