Natural Health

Healthy living, herbal remedies and DIY natural beauty.

Add to My MSN

Housing Market Improves: Will the McMansion Return?

7/5/2011 12:16:20 PM

Tags: smaller homes, McMansions, AIA Home Design Trends Survey, American Institute of Architects, home sizes, Robyn Griggs Lawrence

Robyn Griggs Lawrence thumbnailAs the housing market improves, interest in smaller homes and lot sizes appears to be leveling off, according to the quarterly American Institute of Architects (AIA) Home Design Trends Survey. “Overall home and lots sizes showing signs of increasing slightly indicates that the housing market is stabilizing after being in a downward spiral since 2007,” says AIA chief economist Kermit Baker. “But consistent with the last several years, there remains a preference for open space layout allowing for more flexibility and less interest in formal spaces and rooms.”

Fifty-two percent of respondents reported decreases in home square footage in 2011, compared with 57 percent in 2010. “The home improvement market, including both additions and structural alterations as well as remodeling projects, is extremely healthy right now, and with the exception of the affordable home market, all of the other sectors are more positive than the same time a year ago,” Baker says.

More homeowners are seeking to improve their outdoor spaces, according to the survey, and homeowners are more willing than in years past to invest in home improvements.

Baker doesn’t expect this to herald the return of the McMansion, which he says doesn’t appeal to younger home buyers. “But I think we’ll start to see house sizes start to edge up a bit,” he predicts.


I                                                  Back so soon? 


Content Tools

Post a comment below.


Subscribe Today - Pay Now & Save 66% Off the Cover Price

First Name: *
Last Name: *
Address: *
City: *
State/Province: *
Zip/Postal Code:*
(* indicates a required item)
Canadian subs: 1 year, (includes postage & GST). Foreign subs: 1 year, . U.S. funds.
Canadian Subscribers - Click Here
Non US and Canadian Subscribers - Click Here

Lighten the Strain on the Earth and Your Budget

MOTHER EARTH NEWS is the guide to living — as one reader stated — “with little money and abundant happiness.” Every issue is an invaluable guide to leading a more sustainable life, covering ideas from fighting rising energy costs and protecting the environment to avoiding unnecessary spending on processed food. You’ll find tips for slashing heating bills; growing fresh, natural produce at home; and more. MOTHER EARTH NEWS helps you cut costs without sacrificing modern luxuries.

At MOTHER EARTH NEWS, we are dedicated to conserving our planet’s natural resources while helping you conserve your financial resources. That’s why we want you to save money and trees by subscribing through our earth-friendly automatic renewal savings plan. By paying with a credit card, you save an additional $5 and get 6 issues of MOTHER EARTH NEWS for only $12.00 (USA only).

You may also use the Bill Me option and pay $17.00 for 6 issues.