Homeowners have been downsizing their homes in the last five years, but now 84 percent of homeowners want to stay put or move into a larger home. This change in trend can be attributed to growing families and their need for more living space.
"There appears to be a renewed sense of optimism in housing. Homebuyers, regardless of their stage of life, still want and need larger homes," said Deborah Meyer, the chief marketing officer of PulteGroup. And data from the U.S. Census Bureau backs up her assertion: the average size of a newly built home increased 3.7 percent in 2011 from 2010, which was the first upsizing since 2007, reports Diana Olick.
The demand for larger homes has shifted, however, from exurbs to regional hubs. "In many areas, we are seeing more interest in urban infill locations than in remote exurbs, which is having a pronounced shift in neighborhood design elements," said Kermit Baker, Chief Economist of the American Institute of Architects. "And regardless of city or suburban dwellers, people are asking more from their communities in terms of access to public transit, walkable areas and close proximity to job centers, retail options and open space."
FULL STORY: McMansions Return: Why Big Houses Are Coming Back
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Population Losers
California's population dipped below 39 million as of July, according to the Census Bureau, after seeing its net domestic migration loss this year exceed last year's. Only New York has seen a greater loss as a percentage of population.
Census: Texas Home to Fastest-Growing Cities
Census Bureau data reveals strong growth in large and small Texas cities, while major metros continue to draw residents.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
Town of Zionsville
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