While the average homebuyer can now afford to spend even less on a home, a new Point2 study revealed that the median home price in the U.S. is now 50% higher than the average affordable home price.
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A list compiled recently reveals the cities with the biggest homes on average, as well as a means for calculating the best bargain price per size.
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New single family homes have been shrinking, according to the National Association of Homebuilders (NAHB). According to the NAHB data, home sizes reached a plateau in 2015 and 2016 after experiencing a steady rise post-recession, but have started to drop off since. The post-recession increase in single-family home size is consistent with the historical pattern coming out of recessions.
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According to a report issued by the National Association of Home Builders (NAHB), the average size of a new home is increasing, and the population of buyers may be the main reason for the average home's expanding size. Data culled from the Census Bureau and presented at NAHB's International Builder's Show in Las Vegas showed some interesting trends in new home production.
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