Apr 8th 2011 12:35PM
In New York City's cramped housing market, where closets pass for studio apartments, every square foot counts. So when Brooklyn, N.Y., homeowners Rishi and Heather Bhandari discovered that their brand new condominium unit was built nearly 20 percent smaller than promised, they fought back. After a nearly four-year-long... Continue Reading »
Feb 18th 2011 12:59PM
When it comes to home size, American homebuyers are finally deciding that less really is more. They are cutting back on options and reducing square footage. More incredibly, they're buying townhouses instead of McMansions. I about flipped when I got wind of a new development under construction in tony University Park here... Continue Reading »
Dec 1st 2010 10:22AM
New-home buyers are downsizing their square footage to better suit their lifestyles, but are not necessarily paying lower prices for their new-construction homes, say some homebuilders. In several cases, new-home buyers are probably spending more per square foot in order to be cost-efficient on heating and cooling, while... Continue Reading »
Jun 16th 2010 1:30PM
The recession has taken a bite out of the McMansion, and experts don't expect homeowners will be supersizing their homes again anytime soon. The U.S. Census Bureau released new figures, based on homes completed in 2009, which show that the average square footage of a new, single-family home completed in 2009 was 2,438;... Continue Reading »
Jan 21st 2010 6:08PM
The Great Recession continues to sap so much of what we Americans hold dear -- our jobs, homes, retirement savings, and optimism. Now comes another low blow: if you do manage to buy a home nowadays, it's likely to be smaller than your neighbor's. Homes being built now are actually shrinking in size, suggesting that the... Continue Reading »
