Skip to Content

Exclusive: Rock Band Unplugged Track List

Shrinking economy equals downsized houses

More
Text SizeAAA

Filed under: Home, Real Estate, Simplification

The National Association of Home Builders reported in McPaper that the size of new McMansions in the third quarter shrunk to 2,438 square feet from 2,629 in the second quarter. If you do the math, that's the equivalent of a 200-square-foot den.

In some households, I guess that could be a crisis. But how much house do you really need?

In 1973, the last year for which the average household had a full three residents, the average new home was 1,660 square feet, according to the the U.S. Census. That's plenty of room for three bedrooms, a couple of baths, a living room and a kitchen you can eat it. But by the second quarter of 2008, the average size of new homes had ballooned to 2,629 square feet. That's 969 square feet more -- a good size one- or two-bedroom apartment's worth of additional space to heat and cool and store junk in. Meanwhile, the average household in 2008 had only 2.59 residents -- two people and a good-size dog.

New homes in the coming decade will be smaller and closer together, predicts Virginia McAlester, author of "A Field Guide to American Houses." Interviewed by the Washington Post, she says the high cost of building and maintaining roads, sewers and utility lines will discourage suburban and exurban development, while declining discretionary income will make huge, expensive-to-maintain houses unappealing. She also predicts that in some areas large suburban houses will be converted to multi-family homes because they are unsustainable by a single family.

I can practically hear the neighborhood association meltdown the first time that happens. Mr. Wilson, who lives across the street from me, will be organizing the militia.
Subscribe to Walletpop

Reader Comments (Page 1 of 1)

Eloise Returns to the Plaza Hotel
After a $450 million, three-year, lobby to roof renovation and restoration, the Plaza Hotel is ...
Readers' Choice Winners for Best in Food
Votes have been cast for Best Gourmet Grocer/Food Hall, Best Online Gourmet Goods, Best Cheese ...

Mortgage Basics

Mitch Lipka
Mitch Lipka Filed under: Recalls, Health, Consumer Ally

Slim-Fast recall: Cans tainted by dangerous bacteria

Every can of the diet aid, Slim-Fast, sold in the United States is being recalled after dangerous bacteria was discovered by the manufacturer during a routine inspection, the U.S. Food and Drug ...
Bonnie McCarthy
Bonnie McCarthy Filed under: Food, Charity

Drinking for a cause

Following President Obama's announcement that he'll be deploying 30,000 troops to Afghanistan, it's time for the rest of us to do our part. In the past, Americans have helped out on the home front by ...
Julia Scott
Julia Scott Filed under: Bargain Babe

Groupon offers local discounts if enough people 'buy in'

If you've never heard of Groupon.com you're about to. The local coupon network is expanding quickly and now offers discounts in 45 cities, from Albuquerque to Washington, D.C. The way it works is ...
Aaron Crowe
Aaron Crowe Filed under: Career, Recession

Obama's job summit didn't get to the main issue

If Federal Reserve Chairman Ben Bernanke can get what it takes to dig America out of the recession, why can't President Obama? "Jobs are the issue right now," Bernanke said Thursday at a hearing on ...

Featured Partner

What is Your Home Worth?



Headlines from WalletPop Partners

Eloise Returns to the Plaza Hotel
After a $450 million, three-year, lobby to roof renovation and restoration, the Plaza Hotel is ...
Readers' Choice Winners for Best in Food
Votes have been cast for Best Gourmet Grocer/Food Hall, Best Online Gourmet Goods, Best Cheese ...
Learn More»