Smaller Single-Family Homes and More Townhomes
Variety is the spice of homebuilding. Currently, homes are shrinking in size, with the median for single-family houses at 2,261 square feet and the mean square footage of new single-family homes down to 2,469. One of the most popular styles is the ranch house. The style also offers the flexibility to be opened up indoors and to the outdoors. Attached townhomes and stacked flats have gained popularity due to the need for smaller square footage in dense sites.
Why now? The main reasons for smaller single-family homes are high mortgage rates and lifestyle changes that favor fewer bedrooms.
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