Level of competition is heating up among millennial's and baby boomers for smaller,more economical homes, but builders have actually been slow to satisfy demand. That could be showing signs of changing. Home sizes are starting to decrease, which might also assist in prices edge down, too. See the details here
Are builders gravitating to small sized homes?
We have noticed this change too. Home sizes are starting to rapidly decrease throughout Florida, and neighboring states. -Jasmine Tsang, Business Manager at Organized Living Interiors.
I think builders need to offer more ranch style (single level) homes. I always find it challenging when working with buyers who want one level living.
One level with bathrooms for each bedroom and lots of storage. I see the larger homes staying on the market longer than they used to.
Follow the money. That's where builders will be. Land is so expensive, developers and builders will do whatever maximizes their profit margin.
Comments(4)