Justice
The Recovery Is Super-Sizing Houses
Square footage is growing faster now than it did during the housing boom, but the culture of the McMansion may be changing.
The housing crisis may have wiped out Lehman Brothers, Iceland, and the credit of home buyers across the nation. But it didn’t put a dent in the McMansion.
Oh, for sure, the average size of new single-family houses dipped a bit between 2007 and 2009. After ticking up slowly over the course of the 1990s and ramping up a bit more quickly in the first half of the 2000s, the party came to a halt in 2008, when the average square feet of new homes fell 3 square feet.