The single-family home is getting smaller. Three-bathroom houses are on the decline. And most builders think the living room will merge or vanish by the year 2015.
Those were some of the findings shared by the National Association of Home Builders (NAHB) at the 2011 International Builders’ Show, during a seminar called “The New Home in 2015.” In one word, homes will be “smaller,” according to the survey data.
The average size of a new single-family home completed in 2010 declined from 2,438 sq. ft. to 2,377 sq. ft. And looking forward, builders are already expecting smaller homes in 2011.
Smaller homes this year are expected by 52% of builders surveyed, compared with only 7% who expect larger homes in 2011. Lower-priced models are also in the pipeline — 59% of builders will build lower-priced models, compared with 7% who will build high-priced models.
The following expectations for 2015 came from a 2010 builder surv