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McMansions, Like Everything Else, Are Shrinking

Average home size declines in what analysts call 'right-sizing'

By Clay Dillow, Newser Staff

Posted Jan 27, 2009 11:14 AM CST

(Newser) – Confirming what industry professionals have long suspected, builders and buyers alike are foregoing super-sized “McMansions” for smaller, more economical homes, the Wall Street Journal reports. The average home started in 2008’s third quarter was 2,438 square feet, down from 2,629 in... Read full story »

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McMansions, Like Everything Else, Are Shrinking

Average home size declines in what analysts call 'right-sizing'

housing market • housing • housing crisis • new housing starts • McMansion • financial crisis

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More Newser Stories

Foreclosures Draw Eager Buyers, but Banks Drag Feet

Red tape and bureaucracy hinder efforts to buy repo'd properties

Fannie Mae's Task: Sell 65K Homes in Buyer's Market

Unloading homes quickly while maintaining value, Fannie walks tightrope

Gap Narrows Between Mortgage Payments, Rents

Housing slump prompts shift

Home Prices Plunge Record 15.3%, Boosting Sales

Median US price was $175,400 in December, off 15.3%

McMansion Era May Be Over

Strapped Americans now prefer cozier homes

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