The nationwide slump in the housing market is manifesting itself in the shrinking square footage of new McMansions.
"With the nation's housing market in a slump and the mortgage market in disarray, many home builders are putting up fewer supersize homes and offering smaller floor plans. That seems to be what buyers suddenly want in an era of high prices and tougher financing."
"Home sales have plunged over the past year, leaving builders saddled with excess inventory, especially of larger, more expensive homes. In July, new-home sales were running at a seasonally adjusted annual rate of 870,000 units, down sharply from 1.3 million in 2005."
"All this is causing builders to redraw their blueprints. After reducing prices on their current inventories of unsold homes, the next step is to 'start building to a new market. That new market is a lower price point at a smaller size. To the extent they can do it, they will,' said Kermit Baker, chief economist at the American Institute of Architects."
FULL STORY: Size of New Homes Shrink As Builders Battle Housing Slump
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
The Five Most-Changed American Cities
A ranking of population change, home values, and jobs highlights the nation’s most dynamic and most stagnant regions.
New York MTA Says No More Borrowing, Will Cut Costs Instead
The agency says it won’t take out any new loans to finance its planned improvements and is finding other ways to cut costs.
Research: More Complex Streets Are Safer
Streets that offer more perceived obstacles and distractions can force drivers to slow down and drive more carefully.
San Diego Adopts First Mobility Master Plan
The plan provides a comprehensive framework for making San Diego’s transportation network more multimodal, accessible, and sustainable.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
New York City School Construction Authority
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions