Entries Tagged as ''

McMansion Mania

Lisa Smith 06.15.07, 12:17 PM ET from Forbes

From Australia to America, single-family houses are getting bigger. A lot bigger. The Australian government reports that the average size of a new house increased by 40% between 1984 and 2003, going from 162.2 square meters (approximately 1,745 square feet) to 227.6 square meters (approximately 2,450 square feet).

In America, the National Association of Home Builders reports that the average home size was 983 square feet in 1950, 1,400 square feet in 1970 and 2,349 square feet in 2004. This trend appears to be continuing: House sizes in 2005 averaged 2,434 square feet.

The averages are climbing because they include houses at the higher end of the market, >>>Click for full article