Median size of new homes balloons to almost 2500 sq ft

Source: Marketwatch

Families across the country are demanding bigger and bigger homes, undaunted by the prospect of fillings rooms with furniture and generations of soon-to-be-born dust bunnies.

In 2013 the median floor area of new single-family homes sold in the U.S. rose 4% to hit almost 2,500 square feet, according to recently released data from the U.S. Census Bureau.

That compares to the median 1,700-square-foot size of a single detached and manufactured home, as reported in the 2011 American Housing Survey.

... Bigger and pricier home sales reflect the lopsided U.S. housing market in which well-heeled customers are able to get loans or pay cash, opting for deluxe amenities, while other families struggle to meet banks' stringent lending criteria.

Read more: http://finance.yahoo.com/news/size-homes-ballooning-152100176.html