Americas are giving up on the dream of owning a “McMansion” as ever higher prices force them to seek out smaller dwellings.
The size of the average home for sale in the US declined to 1,800 sq ft in March, down 7 per cent from March 2020, according to data from Realtor.com and the Federal Reserve Bank of St Louis.
The size of the average US home under construction dropped in 2024 to the lowest level since 2010, according to the US Census Bureau.
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