{"id":5365,"date":"2025-01-23T11:46:52","date_gmt":"2025-01-23T11:46:52","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2025\/01\/23\/smaller-homes-bigger-opportunities-the-homebuilder-trend-buyers-love\/"},"modified":"2025-01-23T11:46:52","modified_gmt":"2025-01-23T11:46:52","slug":"smaller-homes-bigger-opportunities-the-homebuilder-trend-buyers-love","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2025\/01\/23\/smaller-homes-bigger-opportunities-the-homebuilder-trend-buyers-love\/","title":{"rendered":"Smaller Homes, Bigger Opportunities: The Homebuilder Trend Buyers Love"},"content":{"rendered":"\n

$\"Smaller$ \n

It\u2019s no secret that affordability is tough with where mortgage rates<\/a> and home prices<\/a> are right now. And that may have you worried about how you\u2019ll be able to buy a home. But, if you don\u2019t need a ton of space, you may find you have more cost-effective options in an unexpected place: new home communities.<\/p>\n

Builders Are Building Smaller Homes\u00a0<\/strong><\/h4>\n
Since smaller homes typically come with smaller price tags, buyers have turned their attention to homes with less square footage \u2014 and builders have shifted their focus to capitalize on that demand. As U.S. News<\/em> notes:<\/p>\n
\u201cThe combination of higher home prices and mortgage rates has strained a lot of people\u2019s budgets. And that\u2019s something builders recognize. To this end, <\/em>they may be leaning toward smaller spaces . . .That, in turn, can lead to savings for buyers.\u201d<\/em><\/strong><\/p><\/blockquote>\n
Data from the\u00a0Census<\/em><\/a> shows\u00a0the overall builder trend toward smaller, single-family homes has been over the last couple of years (see graph below<\/em>):<\/p>\n
$\"a$ <\/a>As the graph shows, the average size of a brand-new home has dropped from 2,309 square feet in Q3 2022 to 2,171 square feet in Q3 2024. That\u2019s a difference of 138 square feet.<\/p>\n
At the end of the day, builders want to build what they know will sell. And the number one thing homebuyers are looking for right now is less expensive options to help offset today\u2019s affordability challenges. As Multi-Housing News <\/em>notes<\/a>:<\/p>\n
\u201cThe growing trend toward smaller homes is evident. These homes are less expensive to build and more attainable for many middle-income families, meeting both housing needs and modern lifestyle preferences.\u201d <\/em><\/p><\/blockquote>\n
The Benefits of These Brand-New Homes<\/strong><\/h4>\n
So, if you\u2019re having trouble finding a home in your budget, it might be worth exploring newly built homes with a smaller footprint.<\/p>\n
Not to mention, since newly built homes come with brand new everything, they have fewer maintenance needs and some of the latest features available, like energy-efficient appliances and HVAC. That\u2019ll help you save on repair costs and your monthly utility bills. Sounds like an all-around win.<\/p>\n
Bottom Line<\/h3>\n
Today\u2019s builders are focusing their efforts on smaller homes at lower price points. That could give you more opportunity to find something that fits your budget. If you\u2019re planning to buy soon, connect with a local real estate agent to explore what\u2019s on the market in your area and get your homeownership goals over the finish line.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
It\u2019s no secret that affordability is tough with where mortgage rates and home prices are right now. And that may have you worried about how you\u2019ll be able to buy a home. But, if you don\u2019t need a ton of space, you may find you have more cost-effective options in an unexpected place: new home […]<\/p>\n","protected":false},"author":1,"featured_media":5366,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-5365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2025\/01\/20250123-Smaller-Homes-Bigger-Opportunities-The-Homebuilder-Trend-Buyers-Love-original.png?fit=750%2C410&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pdz2Zu-1ox","_links":{"self":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/5365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/comments?post=5365"}],"version-history":[{"count":0,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/5365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media\/5366"}],"wp:attachment":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media?parent=5365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/categories?post=5365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/tags?post=5365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}