When it comes to new homes, size really does matter

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The size of America's most popular home of the future will continue to grow. The reason provided by one of the nation's most respected analysts, sounds like a popular country-western song: "I like it. I love it. I can afford it, so I'll buy it." That's the explanation offered by Gopal Ahluwalia, research specialist in the National Association of Home Builder's economics department, when asked about the growing size of single-family homes, given the dwindling number of individuals living in U.S. homes. "Three decades ago, homes were smaller and household size was larger," Ahluwalia said. "Now, homes are 2,400 square feet and the average household size is 2.57 persons. There's really no answer, other than it's been an excellent investment." Since 1973, the average new home has increased in size by about 50 percent. The typical new home that year had 1,660 square feet and only 12 percent had three or more baths. Today, about one-quarter of all homes have at least three bathrooms. "It's a ...