According to research from the National Association of Home Builders (NAHB) new single family homes are getting smaller and the trend is likely to continue well beyond the recession. The median size of a new single family home peaked in 2006 at 2,268 square feet. In 2009, the median square footage was just 2100 square feet. Home builders attribute the decline to consumers' desire to keep energy costs down, the lack of equity in existing homes available to roll over into new ones, tighter credit standards (meaning the buyers qualify for less), less interest in buying homes as investments, and a growing number of first time home buyers.  You should note that during the period of 2006-2009 many markets lacked move-up buyers, who have in the past, traditionally bought larger homes.

Despite the trend toward smaller homes, the average number of bedrooms and bathrooms has remained the same, while three car garages, fireplaces, decks and patios have declined in popularity, or prehaps the affordability of "extras" has taken a back seat.

Did you know when you walk into a new home model, the builders representative that greets you, works soley for the builder. They CANNOT represent your interests in buying a home with the builder they represent. However, many builders cooperate with real estate professionals. And the cost for you to have representation is FREE.

If you are thinking about buying a new home call DeHanas Real Estate Services today at 800-842-0190. Or e-mail [email protected].