Size of New Homes in U.S. Hits Record

The size of U.S. homes swelled to the largest proportions in history in 2013, based on Census Bureau statistics. Single-family homes built last year boasted 2,598 square feet of space on average, eclipsing the previous high of 2,521 square feet in 2008. Some 44 percent of new homes constructed last year had at least four bedrooms, according to the Census data, and a third offered a minimum of three bathrooms. About 20 percent of 2013’s crop of new homes included garages that could accommodate three cars or more. The additional space did not come cheap, however, with the average national price jumping to $324,500 last year from $292,200 in 2012. | Read More