Shrinking Home Sizes in the U.S.

SOURCE www.yahoo.com
New report suggests that home sizes in the U.S. are expected to shrink, with hallways being eliminated to make homes more compact and cost-effective. The trend of smaller homes with flexible spaces could make housing more attainable for entry-level buyers.

Key Points

  • Architects are designing smaller and more compact homes
  • Eliminating hallways and non-functional spaces to optimize layouts
  • Increase in budget-friendly homes priced in the $200,000 to $350,000 range
  • Flexible spaces like 'flex rooms' are becoming more common in new homes

Pros

  • Smaller homes could lead to more affordable housing options
  • Flexible spaces like 'flex rooms' can cater to multiple needs
  • Eliminating hallways can optimize space and reduce wasted square footage

Cons

  • Older generations may find smaller homes a turnoff due to space sacrifices