{"id":38919,"date":"2020-10-19T18:55:07","date_gmt":"2020-10-19T15:55:07","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=38919"},"modified":"2020-11-17T18:08:39","modified_gmt":"2020-11-17T16:08:39","slug":"size-of-new-built-homes-in-the-us","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/size-of-new-built-homes-in-the-us","title":{"rendered":"New US Home Sizes: Single-Family Homes Gain A Bedroom While Apartments Lose One"},"content":{"rendered":"\n<p>With the COVID-19 pandemic, many have been spending more time at home than ever before. But are US residences providing the necessary space? Which cities are better than others in this regard? Using 2010-2019 U.S. Census data, a <a href=\"https:\/\/www.storagecafe.com\/blog\/average-home-size-in-the-us-new-homes-bigger-than-10-years-ago-but-apartments-trail-behind\/\" target=\"_blank\" rel=\"noreferrer noopener\">recent STORAGECaf\u00e9 report<\/a> looked at the size of newly built homes in America\u2019s 20 largest cities to see if the housing supply is fulfilling the demands for space. <\/p>\n\n\n\n<p>Overall, new single-family homes offer more space than before, while apartments lag behind \u2014 the former gained a bedroom in terms of square footage, while the latter lost one. Since a major help for Americans who lack space at home is self storage, STORAGECaf\u00e9 also looked at the state of self-storage in the country\u2019s top 20 cities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chicago_Leads_the_Way_As_Homes_Add_More_Bedrooms\"><\/span>Chicago Leads the Way As Homes Add More Bedrooms<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After the Great Recession, constructors began building larger houses. In 2017, the average single family home size peaked at 2,643 square feet, but then diminished slightly to 2,611 in 2019. This still represents 143 additional square feet since 2010, the size of an extra bedroom. Moreover, these new homes are 18% bigger than housing in the overall inventory . <\/p>\n\n\n\n<p>In many cases the added space went into extra rooms, with 43% of all 2019-built houses having 4+ bedrooms \u2014 including the infamous McMansions \u2014 up from 35% in 2010. Homes with two bedrooms or fewer have become slightly less popular.<\/p>\n\n\n\n<p>The building of new residential space \u2014 and the extent to which this has accelerated in recent years \u2014 varies greatly between cities.<\/p>\n\n\n\n<div class=\"infogram-embed\" data-id=\"92915e89-cc63-4dc7-886f-ba96ac71e707\" data-type=\"interactive\" data-title=\"STORAGECaf\u00e9: New House and Apartment Sizes in the Biggest US Cities\"><\/div><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script>\n\n\n\n<p>Of the 20 largest cities, Chicago builds the largest single family houses with an average of 3,330 square feet in 2019, a considerable 919 square feet more than in 2010. Similar properties in San Francisco, Washington, D.C., and San Jose gained 550, 336 and 325 square feet, respectively. Some cities\u2019 single-family homes actually lost space during this period, with homes in San Diego, Denver and Phoenix diminishing by an average of 259, 197 and 167 square feet, respectively.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Seattleites_Most_Stranded_For_Space_As_Apartments_Shrink\"><\/span>Seattleites Most Stranded For Space As Apartments Shrink<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/porch.com\/resource\/Home-Factors-Relationship-Satisfaction\" target=\"_blank\" rel=\"noreferrer noopener\">Apartment dwellers<\/a> should know that apartment were 90 square feet smaller in 2019 than in 2010, reaching an average of 1,156 square feet. New one-bedroom apartments made up 42% of the total stock in 2019, an increase from 35% in 2010. On the other hand, 39% were two-bedroom apartments, down from 2010\u2019s 54% share, while those with 3+ bedrooms decreased from 13% to 11%.<\/p>\n\n\n\n<p>Jacksonville apartments lost 93 square feet in the past 10 years, but still offered more space than any other top-20 city, providing an average 987 square feet. Newly built Charlotte apartments saw the most significant space reductions, losing 96 square feet to reach an average of 915 square feet in 2019. <\/p>\n\n\n\n<p>Seattle residents ended up with the smallest apartments in 2019 at an average of only 676 square feet. San Franciscans also needed larger apartments, having only 660 square feet in 2010. But, new apartments in San Francisco increased the most, gaining 107 square feet during this period. Columbus, OH, and San Jose, CA were the only other two cities where apartments increased in size, gaining 43 and 28 square feet, respectively.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Space-Challenged_Dwellers_Can_Find_Respite_in_Self_Storage_As_Industry_Grows\"><\/span>Space-Challenged Dwellers Can Find Respite in Self Storage As Industry Grows<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Smaller living spaces are a reality in cities where costs are high (and rising), especially with new apartments decreasing in size and the number of rooms trending down. The self storage industry offers a solution by providing space to store belongings at a per square foot price that is a significantly lower than similarly-sized residential space.<\/p>\n\n\n\n<p>The self storage sector has grown exponentially in recent times, with more than 190 million square feet \u2013 or 13% of the total self storage inventory \u2013 built in the last 5 years.<\/p>\n\n\n\n<p>While newly built Seattle apartments lost an average of 86 square feet since 2010, the self storage industry has been booming. Currently there is about 4.5 square feet of self storage space per Seattleite and residents in need of space can secure a 10\u00d710 <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/wa\/seattle\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seattle self storage<\/a> unit $178 per month. <\/p>\n\n\n\n<p>The self storage markets in both <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ny\/new-york-city\/\" target=\"_blank\" rel=\"noreferrer noopener\">New York City<\/a> and <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/los-angeles\/\" target=\"_blank\" rel=\"noreferrer noopener\">Los Angeles<\/a> are rather tight and offer less than half that square footage per person, and have corresponding average rates of $225 and $237 per unit. However, in Chicago and Columbus, the same type of unit can be had for just $68 and $69, respectively.<\/p>\n\n\n\n<p>In response to the growing need for housing, 900,000 new single-family homes were built in 2019, compared to around 500,000 in 2010. But the number of newly built apartments was considerably lower at 353,000. Furthermore, inventory restrictions tend to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-25\/housing-boom-in-u-s-threatened-by-shortage-of-available-homes\" target=\"_blank\" rel=\"noreferrer noopener\">keep prices high<\/a>, at least for the time being. <\/p>\n\n\n\n<p>With the current economic environment placing increased pressure on many renters and would-be first-time homebuyers, especially in the country\u2019s largest metros, downsizing may be necessary for many urbanites. Additionally, many will move back in with their parents or <a href=\"https:\/\/www.forbes.com\/sites\/ellistalton\/2020\/09\/03\/people-fleeing-big-cities-may-spur-economic-growth-in-smaller-metros\/#2698236952d6\" target=\"_blank\" rel=\"noreferrer noopener\">relocate to lower-density suburbs and smaller metros<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About\"><\/span>About<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><em>In an effort to support the self-storage industry,\u00a0<a href=\"https:\/\/www.storagecafe.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">STORAGECaf\u00e9<\/a>\u00a0aims to connect self-storage operators with those in search of extra space \u2013 the listings website features more than 25,000 self-storage facilities, all across the US.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New single-family homes offer more space than before, as apartments continue to shrink in the country&#8217;s 20  largest cities.<\/p>\n","protected":false},"author":67,"featured_media":38927,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8283],"tags":[160],"class_list":["post-38919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-apartments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Single-Family Gains a Bedroom, Apartments Lose One | PropertyShark<\/title>\n<meta name=\"description\" content=\"New single-family homes offer more space than before, as apartments continue to shrink in the country&#039;s 20 largest cities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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