Chart: New Home Size Continues Upward Trend
Originally Published by: Eye On Housing — November 22, 2021
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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.
![Single Family House Size Nov 2021](https://assets.noviams.com/novi-file-uploads/sbca/news/2021/2111/singlefamilysizechartNov21.jpg)
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.
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.