COVID-19 has impacted the best way many residents use their houses, with an elevated want for house to accommodate added features akin to working from and/or finding out at house. Current housing knowledge affirm the continuation of this pattern.
In line with third quarter 2021 knowledge from the Census Quarterly Begins and Completions by Function and Design and NAHB evaluation, median single-family sq. ground space elevated to 2,337 sq. ft, whereas common sq. footage for brand new single-family houses elevated to 2,541. These metrics have elevated 9.3% and 6.2%, respectively, since Nice Recession lows.
This marks a shift from the earlier downward pattern in house measurement from 2016 to 2020, throughout which period extra starter houses have been developed.