{"id":4879,"date":"2021-12-04T16:50:40","date_gmt":"2021-12-05T00:50:40","guid":{"rendered":"https:\/\/southernoregonbusiness.com\/?p=4879"},"modified":"2021-12-04T17:15:34","modified_gmt":"2021-12-05T01:15:34","slug":"single-family-home-size-continues-to-trend-higher","status":"publish","type":"post","link":"https:\/\/southernoregonbusiness.com\/single-family-home-size-continues-to-trend-higher\/","title":{"rendered":"Single-Family Home Size Continues to Trend Higher"},"content":{"rendered":"\n<p>An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Recent data confirms this impact on the market continues to occur.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"732\" src=\"https:\/\/southernoregonbusiness.com\/wp-content\/uploads\/2021\/12\/Screen-Shot-2021-12-04-at-5.07.54-PM-1024x732.png\" alt=\"\" class=\"wp-image-4902\" srcset=\"https:\/\/southernoregonbusiness.com\/wp-content\/uploads\/2021\/12\/Screen-Shot-2021-12-04-at-5.07.54-PM-1024x732.png 1024w, https:\/\/southernoregonbusiness.com\/wp-content\/uploads\/2021\/12\/Screen-Shot-2021-12-04-at-5.07.54-PM-300x214.png 300w, https:\/\/southernoregonbusiness.com\/wp-content\/uploads\/2021\/12\/Screen-Shot-2021-12-04-at-5.07.54-PM-768x549.png 768w, https:\/\/southernoregonbusiness.com\/wp-content\/uploads\/2021\/12\/Screen-Shot-2021-12-04-at-5.07.54-PM.png 1061w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>According to third quarter 2021 data from the&nbsp;Census Quarterly Starts and Completions by Purpose and Design&nbsp;and NAHB analysis, median single-family square floor area increased to 2,337 square feet. Average (mean) square footage for new single-family homes increased to 2,541.<\/p>\n\n\n\n<p>Since Great Recession lows (and on a one-year moving average basis), the average size of new single-family homes is now 6.2% higher at 2,518 square feet, while the median size is 9.3% higher at 2,296 square feet.<\/p>\n\n\n\n<p>Home size rose from 2009 to 2015 as entry-level new construction was constrained. Home size declined between 2016 and 2020 as more starter homes were developed. Going forward we expect home size to increase again, given a shift in consumer preferences for more space due to the increased use and roles of homes (for work, for study) in the post-Covid-19 environment.<\/p>\n\n\n\n<p><a href=\"http:\/\/www.census.gov\/construction\/nrc\/pdf\/quarterly_starts_completions.pdf\">http:\/\/www.census.gov\/construction\/nrc\/pdf\/quarterly_starts_completions.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Recent data confirms this impact on the market continues to occur. According to third quarter 2021 data from the&nbsp;Census Quarterly Starts and Completions by Purpose and Design&nbsp;and NAHB analysis, median single-family square&hellip;<\/p>\n","protected":false},"author":26,"featured_media":4902,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_wp_rev_ctl_limit":""},"categories":[81],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Single-Family Home Size Continues to Trend Higher - Southern Oregon Business Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southernoregonbusiness.com\/single-family-home-size-continues-to-trend-higher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Single-Family Home Size Continues to Trend Higher - Southern Oregon Business Journal\" \/>\n<meta property=\"og:description\" content=\"An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. 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