However, Census Bureau data reports 46 percent of the homes built in 2014 had four or more bedrooms, an increase from 44 percent the year before. MHProNews understands this trend to larger homes may be due to the upper middle class that was less affected by the economic downturn, as well as the uptick in employment. In any case, mpamag states 44 percent of the homes built had three bedrooms.
Homes with two or fewer bedrooms made up ten percent of new homes built in 2014, the same number as the previous year. “We haven’t seen a decline in the demand for larger homes,” said Dale Francescon, co-chief executive of Denver-based Century Communities to the Wall Street Journal. “What we’ve really seen is an increased demand for smaller homes at a lower price point.”
The smaller homes may not produce the hefty commissions the originators and agents prefer, but theevenue gap may be closed with an increased number of homes selling. Might not this also be an opportunity to market manufactured homes, since they are smaller and certainly priced right? ##
(Image credit: viewpointca)
