{"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":"

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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

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Read more: How to Make a Big Statement With a Small Yard<\/p>\n<\/blockquote>\n

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

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

\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 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

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

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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

Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lot sizes on new single-family homes have reached a new record low. New homes sold in … 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_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_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},"jetpack_post_was_ever_published":false},"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,"jetpack-related-posts":[{"id":3141,"url":"https:\/\/amazingproperty.com.ng\/blog\/americans-mortgages-are-the-biggest-ever\/","url_meta":{"origin":6513,"position":0},"title":"Americans\u2019 Mortgages Are the Biggest, Ever","author":"Amazing Property","date":"April 7, 2017","format":false,"excerpt":"The average size of a home loan has swelled to the biggest amount on record, according to the Mortgage Bankers Association\u2019s survey, which dates back to 1990. The larger mortgage size not only reflects Americans purchasing pricier properties, but also shows they\u2019re more leveraged now too, MarketWatch reports. The median\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/MBA%20chart.png?fit=652%2C376&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/MBA%20chart.png?fit=652%2C376&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/MBA%20chart.png?fit=652%2C376&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4650,"url":"https:\/\/amazingproperty.com.ng\/blog\/new-homes-continue-downsizing-trend\/","url_meta":{"origin":6513,"position":1},"title":"New Homes Continue Downsizing Trend","author":"Amazing Property","date":"May 22, 2017","format":false,"excerpt":"[ad_1] In the first quarter of 2017, new single-family homes continued the trend of decreasing in size, the National Association of Home Builders reports on its Eye on Housing blog. Read more: Hot New-Home Trends to Watch Builders have largely focused on the higher end of the market following the\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/NAHB%20survey.png?fit=717%2C546&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/NAHB%20survey.png?fit=717%2C546&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/NAHB%20survey.png?fit=717%2C546&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/NAHB%20survey.png?fit=717%2C546&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3098,"url":"https:\/\/amazingproperty.com.ng\/blog\/new-home-trend-bigger-houses-smaller-lots\/","url_meta":{"origin":6513,"position":2},"title":"New-Home Trend: Bigger Houses, Smaller Lots","author":"Amazing Property","date":"April 6, 2017","format":false,"excerpt":"New homes are getting larger, but their lot sizes are getting smaller. 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