A big uptick in large homes constructed in recent years? Maybe

With the average size of new American homes at record levels, just how many big homes have been built in recent years?

As a result, the market for smaller homes, of 1,400 square-feet and less, has shrunk to just 4% of homes built. That compares with 9% in 2005…

Meanwhile, extremely large houses — 4,000 square feet and up — have been making up a much larger slice of the new homes built.

Last year, these mega homes accounted for more than 9% of new homes. In 2005, they represented 6.6% of homes built.

Houses that are a little smaller but still verging on mansion territory, those between 3,000 and 4,000 square feet, made up 21.7% of new homes in 2013, up from 15.6% in 2005.

So these are changes in the housing market: more large homes built in recent years, fewer small houses constructed. But, are they big changes? The decrease in homes under 1,400 square feet is 5%, the rise in homes over 4,000 square feet is just over 3%, and the increase in homes three to four-thousand square feet is somewhat bigger at 6%. Does this mean McMansions are back? The data is up for interpretation with figures that could likely support either side: there are shifts taking place versus the percentage changes are limited.

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