Home sizes keep on growing
The median size of completed homes last year hit a new record of 2,415 square feet; in fact, home sizes grew in every year between 1995 and 2007, according to the Commerce Department. Home builders have been competing primarily for affluent buyers, and the rise in home size matches the tastes of this demographic. Case in point: builders sold slightly more homes priced above $400,000 than those priced below $200,000 for the first time ever last year.
Also, a new record was set when 4.8 percent of homes sold for at least $750,000 in 2014.
Read the full story from the Wall Street Journal: blogs.wsj.com/economics/2015/02/25/u-s-new-home-sizes-set-record-last-year/
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