Newly constructed homes are a big deal. Big rooms, big baths, big floor plans. “Big” homes in 2013 are actually almost 150 more square feet than larger homes in 2012. Homes are running about 2,679 square feet today. The trend toward super-sized homes actually began in 2009, when homes averaged about 2,362 square feet. Why are home expanding at this rate? The answer is literally “because they can.” Current buyers of new homes have a much higher credit rating and income than their predecessors. The income of homebuyers before the economic downturn was just under $92,000 in 2005. Today, homebuyers earn over $107,000, and can afford the numerous bedrooms and baths they desire.
Read the full article here: Why Are New Homes Getting So Big? Look At Who’s Buying Them | Eye on Housing