New World Home - The McMansion is dead

The McMansion is dead. And smart, efficient homes in walkable neighborhoods could well be the new longevity injection urban communities have been waiting for. At the International Builders Show in January, the National Association of Home Builders unveiled research showing that homes completed in 2010 averaged 2,377 square feet, a 3 percent drop from 2009. And that trend is expected to persist through 2015, when the average home size is expected to measure 2,152 square feet. This marks a significant reversal of a three-decade trend, which peaked in 2007 at 2,521 square feet. So, what’s driving this? Economic and demographic trends. Tune in to find out.