A report from the National Association of Home Builders details how COVID-19 has impacted the way many residents use their homes. More homeowners are looking for increased space to accommodate added functions such as working from and/or studying at home.
According to third 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 2,337 square feet, while average square footage for new single-family homes increased to 2,541. These metrics have increased 9.3% and 6.2%, respectively, since Great Recession lows.
See more at NAHB’s Eye on Housing blog.
