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Construction of Smaller Entry-Level Homes is on the Rise

When it comes to the big construction biz, things are looking smaller.

Pricey homes that cater to big-money buyers are now slowly giving way to more modest homes. This is encouraging news particularly for people who are just entering the homebuying marketplace.

According to the National Association of Home Builders, the average and median home sizes have been steadily falling for the last few years, In the third quarter of 2018, the one-year average of new single-family home sizes fell to 2,564.5 square feet, while the one-year moving median fell to 2,369.75 square feet.

National Association of Home Builders economist Robert Dietz opines that home sizes usually decrease when a recession is looming, predictions of which have come fast and furious because of the recent stock market selloff.

Read on at:

https://www.curbed.com/2018/11/29/18114917/shrinking-home-size-entry-level-homes

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief

Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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