Single-Family Building Lot Sizes Shrink to Record Low

According to its analysis of the Census Bureau’s Survey of Construction, the National Association of Home Builders found that the median lot size for new single-family homes in 2015 fell to a record low of less than 8,600 square feet.

Although the national median lot size fell, the NAHB found significant regional differences in lot size, with the New England region coming in at a median of half an acre and the Pacific region bringing up the rear with more than half of its lots less than 0.15 acres…read more