April 25, 2024 1:49 am
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Buyers thinking big again

thinking-bugREALTORMag

Not all buyers are following the small-home trend. In fact, the desire to go big is growing again. The share of new homes built with 5,000 square feet or more is on the uptick, according to Census Bureau Survey of Construction data.

In 2015, the share of homes 5,000 square feet or larger reached a post-recession peak of 3.9 percent of the new-home supply. About 28,000 homes that size were started last year. For comparison, in 2012, the number of new homes started at 5,000-plus square feet was about half that at 15,000 units.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.