In Lapeer Michigan, Squeezing More Homes onto Smaller Lots

By
Real Estate Broker/Owner
https://activerain.com/droplet/4psL

According to the U.S. Census Bureau, Trend: Squeezing More Homes Onto Smaller Lots. RealtorMag reports in its 10/03/2014 issue how homes are getting bigger but the lots are smaller ...

While single-family homes have been getting larger, the lots these homes sit on have been getting smaller, according to the U.S. Census Bureau’s Characteristics of New Single-Family Houses Sold.

donald horne, realtorSmaller Lot Trends

Can You Squeeze an Outdoor Retreat onto a Smaller Lot?

Upsized Homes on Downsized Lots

Builders See Growth in Master Communities

Price Tags Rise as Homes Get Costlier to Build

Indeed, the median lot size of a new single-family detached home sold from 1992 through 1995 was 10,000 square feet. By 2013, that median lot size was down to 8,720 square feet, one of the smallest numbers (along with 2012’s median lot size of 8,687) recorded by the Census.

The median lot size for 2013 is about one-fifth of an acre. Townhomes tend to have smaller lots, with the median lot size for single-family attached homes at 2,984 square feet. Meanwhile, the median lot size for custom single-family detached homes is bigger, at about 39,204 square feet in 2013.

The National Association of Home Builders, on its Eye on Housing blog, decided to put that lot size into a football perspective. How many single-family detached homes built for sale with a median lot size could builders squeeze on a standard American football field between the goal lines? About 5.5 single-family detached homes, the NAHB estimates.
Source: national association of home builders

Donald Horne, Team Success Listing - video
Associate Broker for Coldwell Banker Shooltz Realty
810-338-0628   donaldhorne.realtor@gmail.com

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Michigan Lapeer County Lapeer
Tags:
lapeer mi
homes for sale in lapeer
small lots in lapeer mi
donald horne realtor

Spam prevention
Show All Comments
Ambassador
2,758,110
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

That trend started in my area, Maryland and Northern Virginia in about 1990 when the cost of land skyrocketed.

Small lot development has been the norm here long enough that folks who want that larger lot in modest price ranges, buy older resales.

Oct 08, 2014 09:58 PM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
627,180

Donald Horne

Team Success Listing LLC
Lake Orion to Lapeer, Your Local Realtor! Questions?
*
*
*
*

Additional Information