In response to evolving homebuyer preferences, SRP Lending encourages home builders to construct smaller, high-quality homes. Recognizing a significant shift in the housing market, SRP Lending sees an opportunity for home builders to create residences that align with the desires of first-time buyers and the 55+ demographic, who increasingly favor 1,800 square feet or smaller homes. The National Association of Home[...]
In some of the largest Southeastern markets, including Atlanta, exploding development, labor and material costs are pushing new home prices beyond the reach of most consumers. If building continues the way it has for the past 40 years, the new “floor” on retail lot prices will yield a new home that only 15 to 20 percent of all consumers can[...]
Many trends have recently pointed towards small being the "new big" in the recent years. The median size of the single family home has dropped nearly 50 square feet from 2277 square feet to 2215 square feet in the past 14 years. According to a recent article, with the economy and the real estate industry dwindling, large homes are not[...]