The average size of homes built last quarter was the biggest since 2012. According to NAHB economist Robert Dietz, it has more to do with the number of homes being built instead of a preferential shift.
“I think it is due to the fact that the total amount of quarterly single-family (construction) starts was lower than prior quarters, thus rolling back some of the market expansion that was causing median size to level off,” Mr. Dietz said in an email to The Wall Street Journal.
Trends for bigger homes increased in the years following the downturn, mainly because builders catered to buyers with higher incomes, and who could qualify for loans.
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