Thursday, May 24, 2007

Daily Real Estate News | May 24, 2007

American Homes Grow in Size

Despite a decline in the average household size to 2.6 people from 1990 to 2005, according to the Census Bureau, the size of the average U.S. home expanded to 2,434 square feet from about 2,000 square feet over the same time span.

Indeed, about 20 percent of dwellings in 2005 had four or more bedrooms, versus about 17 percent in 1990. The Census report shows that many of these properties are located in Utah, where close to 40 percent boast four or more bedrooms.

In addition to extra bedrooms, today's homes have more bathrooms. Media rooms are also gaining popularity.

Source: Investor's Business Daily (05/24/07)

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