Homes Grow In Size As Households Shrink

Posted by John Sabia on Tuesday, July 21st, 2015 at 1:22pm.

The latest findings shows the average household in America is getting smaller, but you wouldn't know it by looking at the average home; which by contrast, is getting larger. Americans today are living in homes, condos and townhomes with more square feet per person than ever before.

The American Enterprise Institute completed an analysis of the Census Bureau's Characteristics of New Housing and found on average, the amount of living area per person has doubled since 1973. Over the past 40 years, the typical home in America has grown from 1,660 square feet to just under 2,700 square feet, an increase of one thousand square feet. In contrast, the typical household has decreased from 3.01 persons in 1973 to 2.54 persons in 2015 representing an all-time low.  

Today, the average home now provides a little more than 1,000 square feet of living area per person; much more spacious than in 1973, where the average living area was only 551 square feet person.

Another study from selstorage.com reveals the change is not just limited to home size. After 1994, newly built homes offer more bedrooms and bathrooms, less fireplaces and more air conditioning as well.  The percentage of new homes featuring air conditioning has increased by 79 percent in 1995 to 91 percent today. Read More here...

photo of single family house

John Sabia

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