Recent data show that the size of single-family homes is increasing, in part because of homeowners' desire for more space in response to the virus crisis and the opportunity (or necessity) for working from home.
According to third quarter 2021 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area increased to 2,337 square feet from 2,299 square feet in the second quarter and 2,284 in the first. Average (mean) square footage for new single-family homes increased to 2,541 square feet in Q3 from 2,540 square feet in the previous quarter and 2,516 square feet in the first.
"Going forward we expect home size to increase again, given a shift in consumer preferences for more space due to the increased use and roles of homes (for work, for study) in the post-Covid-19 environment," NAHB Chief Economist Robert Dietz said in prepared remarks.
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