Reversing 6-Year Shrink, Homes Get Bigger
New single-family homes are growing again, but how are we using the extra space?
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It should come as no surprise that home prices are surging. Prices rose 19.5% year-over-year in September, according to the S&P CoreLogic Case-Shiller Home Price Index.¹ But did you know that for the first time in six years, home sizes are also rising?
Over 20 years (the scope of our analysis), homes have grown about 15%, but the growth has not...