{"id":6513,"date":"2017-10-05T00:00:00","date_gmt":"2017-10-05T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/home-lot-sizes-shrink-to-new-low\/"},"modified":"2017-10-05T00:00:00","modified_gmt":"2017-10-05T00:00:00","slug":"home-lot-sizes-shrink-to-new-low","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/home-lot-sizes-shrink-to-new-low\/","title":{"rendered":"Home Lot Sizes Shrink to New Low"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"43.406421299922\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"35.857478465153\"><!--paging_filter--><\/p>\n<p>Lot sizes on new single-family homes have reached a new record low. New homes sold in 2016 had a median lot size of 8,562 square feet, or slightly under one-fifth of an acre.<\/p>\n<blockquote readability=\"0.98214285714286\">\n<p>Read more: How to Make a Big Statement With a Small Yard<\/p>\n<\/blockquote>\n<p>The median lot size\u00a0fell to under 8,600 square feet in 2015, according to the Census Bureau\u2019s Survey of Construction data. Lot sizes have continued to shrink since then.<\/p>\n<p>Location plays a big role. For example, the median lot size in the New England region is nearly twice as large as the national median, exceeding a third of an acre.<\/p>\n<p>\u201cNew England is known for its strict local zoning regulations that often require very low densities,\u201d the National Association of Home Builders notes on its Eye on <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">Housing<\/a> blog. \u201cTherefore, it is not surprising that more than half of single-family spec homes started in New England are built on some of the largest lots in the nation, with more than half of the lots exceeding a third of an acre.\u201d<\/p>\n<p>On the other hand, the Pacific region\u2014where densities are often high and developed land is more scarce\u2014has the smallest lots. Half of the lots in the region are under 0.15 acres.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_oct\/NAHB%20graphic_lot%20sizes.png\" style=\"width: 620px; height: 461px;\"\/><\/p>\n<p><em>Source: \u201cLot Size Is at a Record Low,\u201d National Association of Home Builders\u2019 Eye on Housing blog (Oct. 3, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/de6MhxInQTI\/home-lot-sizes-shrink-new-low\"> Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lot sizes on new single-family homes have reached a new record low. New homes sold in &hellip; <a title=\"Home Lot Sizes Shrink to New Low\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/home-lot-sizes-shrink-to-new-low\/\"><span class=\"screen-reader-text\">Home Lot Sizes Shrink to New Low<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6514,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[12908,543,127,41,818,479],"class_list":["post-6513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-buying-guide","tag-homes","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/NAHB%20graphic_lot%20sizes.png?fit=730%2C543&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=6513"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/6514"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=6513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=6513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=6513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}