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Share of Smaller Lots Record High Amid Pandemic

By Dale Oviatt posted 09-07-2022 12:37 PM

  

More Than Two-Thirds of Homes Started in 2021 Built on Less Than One-fifth of an Acre


Despite the pandemic-triggered suburban flight and presumed shifts in preferences towards more spacious living, a rising share of new for-sale homes were built on smaller lots. According to the latest Survey of Construction (SOC), more than two thirds of new single-family detached homes sold in 2021 were built on lots smaller than one-fifth of an acre. This is the highest share on record and reflects stark changes in the lot size distribution since the Census Bureau started tracking these series 20 years ago when most single-family detached homes were occupying over one fifth of an acre.
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