The Real Deal Miami

Homes shrinking in size

January 27, 2009 10:42AM

The homes being built today are getting smaller, according to data from the U.S. Census Bureau. The average size of a home started in the third quarter last year was 2,438 square feet, compared to 2,629 square feet in the previous quarter. Gopal Ahluwalia, vice president of economic research for the National Association of Home Builders, said housing experts have been hearing anecdotal evidence of decreasing home size for awhile, but this is the first time data supports that.