We've all watched housing prices shrink over the past five years or so, which means it probably comes as no surprise to learn that houses themselves have shrunk as well. In 2007, the average size of completed homes in America was 2,521 square feet. By 2010, that size had slipped by about 5 percent, to 2,382 square feet.
It so happens that 2007 was the high-water mark for the size of the American home. In addition to the raw number of square feet, the percent of homes built that had more than 4,000 square feet peaked as well, at 8 percent. The number of homes that large is now estimated at 3.6 percent.
Home sizes have come a long way in recent decades. The average single-family home built in 1990 was just over 2000 square feet; in 1973, it was 1660 square feet, with one story and two or three bedrooms. We may be heading back in that direction, but it's going to take an awful long time to get there.
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