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Average new home size up 11% since 2009

 

WASHINGTON – March 4, 2014 – Homebuilders continue to build bigger new homes, according to data from the U.S. Census Bureau.

The average size of a new home has risen more than 11 percent from 2,362 square feet in 2009 to 2,679 square feet last year. About 48 percent of new homes in 2013 had at least four bedrooms, up from 34 percent in 2009.

The share of new homes with at least three full bathrooms rose to 35 percent from 23 percent in 2010, and the number with three-plus car garages increased to 22 percent from 16 percent in 2010.

Also, 60 percent of new homes were two-story single-family properties – an increase from 51 percent in 2009. The average sales price for a new home rose to $318,000 last year from $248,000 in 2009.

Source: Mortgage Orb (02/26/14)

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Related Topics: Trends