Could decline in median new-home size herald return of entry-level buyers?

Screen Shot 2014-11-20 at 8.47.27 AMBy Kris Hudson | The Wall Street Journal

Newly built, single-family homes in the U.S. finally are getting smaller, a sign that a long-awaited shift of builders to slightly smaller, more affordable homes likely has started.

Commerce Department data released Wednesday shows the median size of a single-family home built in the third quarter was 2,414 square feet, down 2.3% from the second quarter measure of 2,472.

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