{"id":26335,"date":"2024-04-01T20:58:26","date_gmt":"2024-04-02T03:58:26","guid":{"rendered":"https:\/\/ctasc.com\/?p=26335"},"modified":"2024-04-01T20:59:28","modified_gmt":"2024-04-02T03:59:28","slug":"homes-built-in-2023-smallest-in-13-years","status":"publish","type":"post","link":"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/","title":{"rendered":"Homes Built in 2023 Smallest in 13 Years"},"content":{"rendered":"

Homes Built in 2023 Smallest in 13 Years<\/h3>\n
<\/div>\n

April 01, 2024, from Floor Focus FloorDaily News<\/p>\n

\"Homes<\/a><\/p>\n

Washington, DC, April 1, 2024 – A National Association of Home Builders (NAHB) analysis found that new homes built in 2023 reached their smallest median size in 13 years.<\/p>\n

\u201cHomeownership remains a goal for families who are eager to put down roots and have a place to call their own,\u201d said NAHB chairman Carl Harris, a custom home builder from Wichita, Kansas. \u201cOur nation\u2019s builders are meeting the moment by finding solutions in home construction to allow for more individuals to purchase a home.\u201d<\/p>\n

More than a third (38%) of builders say they built smaller homes in 2023, and more than a quarter (26%) plan to construct even smaller this year, according to NAHB. According to NAHB\u2019s latest What Home Buyers Really Want study, there has been a downward shift in buyer preferences for home size in the last 20 years. In 2003, the typical buyer wanted 2,260 square feet; now, that number is 2,067 square feet.<\/p>\n

Data from the U.S. Census Bureau confirm new homes have been shrinking for nearly a decade. The average (median) size of new homes built in 2023 fell to 2,411 (2,179) square feet, the smallest since 2010. The drop was a continuation in a downward trend that began in 2015. The only year that saw home size increase during this period was 2021, due to the pandemic-induced desire for additional space to work\/study from home and the low interest rate environment that allowed buyers to purchase those bigger homes.<\/p>\n

More than one-third of builders cut home prices in 2023. NAHB expects builders to continue offering smaller homes and more affordable designs as housing affordability remains a barrier to homeownership. Yet builders face supply-side challenges that continue to increase the cost of constructing homes, such as the scarcity of buildable lots, lack of skilled labor and restrictive codes. The median price of new homes in 2023 was $428,200, down 6% from 2022.<\/p>\n

\u201cBoosting the nation\u2019s housing supply is key to improving housing affordability,\u201d said Harris. \u201cThe residential construction industry is committed to keeping the cost of housing at the forefront of the national agenda and is working with all levels of government and both sides of the aisle so more Americans can achieve the dream of homeownership.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

A National Association of Home Builders (NAHB) analysis found that new homes built in 2023 reached their smallest median size in 13 years.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"xn-wppe-expiration":[],"xn-wppe-expiration-action":[],"xn-wppe-expiration-prefix":[],"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[25,58,24],"tags":[],"yoast_head":"\nHomes Built in 2023 Smallest in 13 Years - CTaSC.com<\/title>\n<link rel=\"canonical\" href=\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Homes Built in 2023 Smallest in 13 Years - CTaSC.com\" \/>\n<meta property=\"og:description\" content=\"A National Association of Home Builders (NAHB) analysis found that new homes built in 2023 reached their smallest median size in 13 years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/\" \/>\n<meta property=\"og:site_name\" content=\"CTaSC.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CeramicTileStoneConsult\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-02T03:58:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T03:59:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.floordaily.net\/images\/articles\/60737cd3-8fea-4d98-9d05-9fbe110107e4full.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ctasc.com\/#website\",\"url\":\"https:\/\/ctasc.com\/\",\"name\":\"CTaSC.com\",\"description\":\"Consulting Services For The Ceramic Tile And Stone Industry\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/ctasc.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.floordaily.net\/images\/articles\/60737cd3-8fea-4d98-9d05-9fbe110107e4full.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/#webpage\",\"url\":\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/\",\"name\":\"Homes Built in 2023 Smallest in 13 Years - CTaSC.com\",\"isPartOf\":{\"@id\":\"https:\/\/ctasc.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/#primaryimage\"},\"datePublished\":\"2024-04-02T03:58:26+00:00\",\"dateModified\":\"2024-04-02T03:59:28+00:00\",\"author\":{\"@id\":\"https:\/\/ctasc.com\/#\/schema\/person\/aa07d76c4955fe4b86f105b7f5fbc622\"},\"breadcrumb\":{\"@id\":\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ctasc.com\/\",\"url\":\"https:\/\/ctasc.com\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/\",\"url\":\"https:\/\/ctasc.com\/homes-built-in-2023-smallest-in-13-years\/\",\"name\":\"Homes Built in 2023 Smallest in 13 Years\"}}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ctasc.com\/#\/schema\/person\/aa07d76c4955fe4b86f105b7f5fbc622\",\"name\":\"Donato Pompo\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/ctasc.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b25c5730c89e0c73f75709d8f1254337?s=96&d=mm&r=g\",\"caption\":\"Donato Pompo\"},\"description\":\"Donato Pompo, CTC CMR CSI CDT MBA, is the leading tile and stone forensic expert and consultant in North America, and he is a National Tile Contractors Association Recognized Consultant. 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