There has been a lot of buzz recently about the changing real estate market with specific focus on modern trends. While new construction is definately down, the cusomer is starting to reinforce the new message which has be stated before.
According to a recent article from Monday November 15th, 2010, the average home size for new construction is down approximately 10% from the boom in 2006-2007. The focus of the article is on smaller communities and quality construction as the new trend. Homeowners are electing larger open spaces in their homes and the removal of unused rooms from past building styles.
Additionally, homeowners are becoming increasing focused on energy conservation, and reduced maintainance and yard care which also lends to this trend.
Recent price reductions in the high end large home category are showing that the best way to preserve long term value is to control size, and build quality (and extra bathrooms, too).
To read more on this article, please click here: http://selectsothebysrealty.com/page/usa_today_new_homes_get_smaller