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Week of Jan. 31st-AMERICANS BUYING BIGGER, PRICIER HOMES

January 30, 2016

The size of new homes rose last year, suggesting Americans' love of space remains strong but making new homes less affordable for a bigger swath of buyers.

The average size climbed to about 2,720 square feet in 2015 from about 2,660 square feet the previous year, according to data released by the National Association of Home Builders at its annual trade show.

Almost half of the homes started last year had four or more bedrooms, and one out of four had garages with room for three or more cars.

That isn't necessarily a sign of strength in the housing market, however.  Read why.



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