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 New Homes: Will The Big Home Downsize?
19-06-2006
As city planners, developers, builders, and Realtors look to the future of real estate, one question is on everyone's minds -- are homes getting too big?
Surprising no one, the U.S. Census department has found that new homes today are "substantially larger and packed with more amenities than their predecessors of 30 years ago."
Between 1975 and 2005, the portion of new homes built with central air conditioning has risen 43 percent, while the portion of homes built with fewer than two bathrooms has fallen from 41 percent to just 4 percent," noted Jerry Howard, chief executive officer of the National Association of Home Builders (NAHB). "Meanwhile, the share of newly built homes with four or more bedrooms has risen steadily from 21 percent 30 years ago to just shy of 40 percent last year."
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