Single-family home size continues to trend higher
Washington DC—COVID-19 has impacted the way many residents use their homes, with an increased need for space for additional functions such as working from home and/or studying. Recent home data confirms the continuation of this trend, according to the National Association of Home Builders (NAHB).
According to third-quarter 2021 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, the median square footage for single-family homes increased to 2,337 square feet, while the median square footage for new single-family homes increased to 2,541. These statistics are up 9.3% and 6.2% respectively since the lows of the Great Recession, according to NAHB.
This marks a shift from the previous downward trend in house size from 2016 to 2020, in which more starter homes have been developed.