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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