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Square Footage and Market Health

Updated: Feb 27, 2020



Economists watch housing markets to determine the state of the broader economy. New construction homes’ square footage can be an indicator of an oncoming recession, according to realtor.com.


“Typical new home size falls prior to and during a recession as home buyers tighten budgets, and then sizes rise as high-end home buyers, who face fewer credit constraints, return to the housing market in relatively greater proportions,” said Dietz.


Home sizes have been decreasing since mid-2015 according to realtor.com, although this could be because entry-level buyers are breaking into the housing market. For now, Dietz is not predicting a recession in the near future.



-Ashley Jorgensen



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Camille Butcher

“I worked with them as the appraisal coordinator for my lending institution for three years and they are great to work with. Not a corporation but a family owned business which is nice and always willing to explain anything I had questions about."
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