Single-Family Home Size Increases at the Start of 2018 inCounter to the recent prevailing trend, new single-family home size two years due to an incremental move to additional entry-level home construction. According to first quarter 2018 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median singlefamily square floor area increased to 2,436 square feet. Average (mean) square footage for new single-family homes increased to 2,641 square feet. On a less volatile one-year moving average, the recent trend of declines in new home size can be see on the graph above, although current readings remain elevated. Since cycle lows (and on a one-year moving average basis), the average size of new single-family homes is 10% higher at 2,602 square feet, while the median size is 14% higher at 2,392 square feet. Read More creased at start of 2018. New home size had been falling over the last Send us your press releases, events, or other member news to be showcased in the newsletter. MAY 2018 | HBRA of Fairfield County 21
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