After looking at how new homes have changed since the 1970s, Business Insider reporter Shane Ferro speculates that the increasing average size of new homes plays a big role.
The percentage of houses built between 1,800 and 3,000 square feet has stayed roughly the same since 1992, while the percentage of houses over 3,000 square feet has roughly doubled since 1999, cutting the percentage of new houses under 1,800 square feet in half.
“If you are looking for a reason why young people aren't buying many homes, this might be a big one,” she writes. “There just isn't enough supply at a price point that young people can afford.”
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