U.S. Single Family Home Size Rising

After a four-year period of steady declines, the second quarter U.S. Census Quarterly Starts and Completions by Purpose and Design report showed that the median single family home square footage increased 1.5% from the same period in 2020 to 2,297 feet.  The average square footage rose 1.7% from Q2 2020 to 2,560. The rise is attributed to the increased need for work at home space due to the COVID-19 pandemic. This trend is expected to continue to affect home sizes in the future. See NAHB