From the 1920s to the 2020s, cash-strapped homebuyers turn to smaller homes

May 13, 2024
Home builders are making new homes smaller to keep prices down. In Southern California, where land is scarce and housing is expensive, buyers are turning to small pre-war homes or ADUs.
Smaller pre-war homes, built before 1940 and under 1,500 square feet, vary in price based on location, size and condition. In South L.A., price per square foot can range from $300-800.
Courtesy Michael Robleto

Single-family home construction is booming, despite higher mortgage rates

Mar 19, 2024
But the boom doesn't seem to be reaching some parts of the country.
Most of the new single-family homes are being built in suburbs, says Ali Wolf at data firm Zonda.
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Contractors are busy building single-family homes. That's good news on a lot of fronts.

Nov 24, 2023
Construction supports businesses throughout the supply chain and keeps the national housing deficit from growing.
While mortgage rates are still high, so is demand for homes — and there aren't enough houses on the market.
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