U.S median lot sizes are shrinking

October 25, 2018 1:14 pm

U.S median lot sizes are shrinking and are now the smallest on record. That is according to new national figures for new houses.

The median lot size of a new single-family detached home sold in 2017 was 8,560 square feet, or just under one-fifth of an acre. So says the National Association of Home Builders.

This is the smallest since the Census Bureau’s Survey of Construction (SOC) started tracking the series for single-family detached homes in 1992.

Regional differences in lot sizes persist. The West South Central division stands out for starting half of single-family detached spec homes on lots under 0.17 acres. This is significantly lower than the median lot sizes in the other two southern divisions – 0.3 acres in the East South Central division and 0.21 acres in the South Atlantic division, which includes Florida.

The analysis above is limited to single-family detached speculatively built homes.

Custom homes  tend to have larger lots. The median lot size for custom single-family detached homes started in 2017 is about one acre.

Qualitas lot sizes vary, but all our Cape Coral, Florida, homes come with a landscaped lot at no extra charge.

Source: http://nahbnow.com/2018/10/average-new-lot-size-remains-at-record-low/