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October 15, 2014

Supersizing the American Dream

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Did You Know

Did You Know that today's new homes are 61% larger than in 1973? And, while the size of new homes has increased, the average household size has decreased — giving us 85% more living space per person in new homes in the last four decades.

The average size of a new home in 1973 (earliest year available from Census) was 1,660 square feet. In 2013, that figure rose to 2,598 square feet.

In 1973, there were, on average, 3.01 people per household. That number decreased to a new record low of 2.54 persons per household in 2013.

Putting these numbers together, we find that the average square footage of living space per person in a new home increased from 551.5 in 1973 to 1022.8 in 2013.

Source: U.S. Census Bureau

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