The median area for a new single-family home fell to 2,191 square feet in the second quarter — the lowest recorded size since 2010.
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Category: National Association of Homebuilders
The case for building starter homes
NAHB Chairman Jerry Konter discusses the potential opportunities of smaller starter homes amid the nation’s affordability crisis.
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Housing affordability hits 10-year low
Just 56.6% of homes sold during the quarter were affordable to families earning the U.S. median income of $79,900, according to the National Association of Homebuilders/Wells Fargo Housing Opportunity Index.
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NAHB: Single-family homes help boost total residential construction spending in March
The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in February.
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Rate of homebuyers who are outbid doubles
The top reason why long-time searchers have not purchased a home is because 40% say they were outbid.
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