Houses are getting smaller

By Diana Olick | CNBC

Size matters, especially in housing, but preferences can change quickly, and that is the case today. Small is happening in a big way.

For the first time since the recession, home size is shrinking. Median single-family square floor area fell from the first to the second quarter of this year by 73 feet, according to the National Association of Home Builders (NAHB) and U.S. Census data. That may not sound like a lot, but it is a clear reversal in the trend of builders focusing on the higher-end buyer.

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August 28, 2016

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