After increasing and leveling off in recent years, new single-family home size continued along a general trend of decreasing size during the start of 2017.
This change marks a reversal of the trend that had been in place as builders focused on the higher end of the market during the recovery. As the entry-level market expands, including growth for townhouses, typical new home size is expected to decline.
According to first quarter 2017 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area was slightly lower at 2,389 square feet. Average (mean) square footage for new single-family homes declined to 2,628 square feet.
Since cycle lows, the average size of new single-family homes is 10 percent bigger at 2,624 square feet, while the median size is 14 percent bigger at 2,402 square feet.