The National Association of Home Builders reports that home sizes are continuing to grow, an expected impact of the COVID-19 pandemic.
According to fourth quarter 2021 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area increased to 2,338 square feet. Average (mean) square footage for new single-family homes increased to 2,561.
Since Great Recession lows (and on a one-year moving average basis), the average size of new single-family homes is now 6.3% higher at 2,537 square feet, while the median size is 10% higher at 2,312 square feet.
A similar report from December 2021 detailed how homeowners were looking for increased space to accommodate added functions such as working from and/or studying at home during the pandemic.
