Demand for smaller homes grows

Census Bureau data shows that the median size of a new single-family home in the United States shrank to 2,215 square feet in 2008 from 2,277 square feet the year before.

The change represents the first decrease in median size in almost 14 years, as single-family housing had been growing larger on a consistent basis since 1991.

Many people are opting for smaller homes as many are being more conservative in their spending, being somewhat influenced probably by the stock market, retirement concerns, etc.

Part of the reason for this shift is also because the sales market is being driven largely by first-time homebuyers, who lean toward townhouses and other smaller properties. Moreover, many of today's consumers see smaller homes as a good fit with their environmental and ecological values.

In response to the trend toward less space, nearly nine of 10 builders polled by the National Association of Home Builders are erecting smaller units. This is a smart decision. Home builders are keeping their finger on the pulse of the spending habits and concerns of consumers.

Please let me know how I can assist you in your desire for home ownership in the Tampa Bay area in sun shiny Florida.

Warmly,
Stephanie LeFew
Tampa Home Buy Realty
www.TampaHomeBuy.com  
813-624-3332 cellular
813-991-1355 office
Tampa Realtors selling homes in Hillsborough, Pasco, Pinellas and Hernando Counties