Economy

July 20, 2009 10:06 PM

McMansion era fades as home buyers think smaller

As the economy sank in 2008, new homes started shrinking. Census data showed the average new home declined from 2,600 square feet in the second quarter of 2008 to 2,373 square feet in the third quarter. Some buyers are even going for homes as small as 336 square feet.

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