From each quarter to the next in 2014, the median size of newly built homes in the U.S. dropped steadily.
But now, in the first quarter of 2015, that number is up significantly.
According to The Wall Street Journal, the median home size in 2015 Q1 shot up to 2,521 square feet, up 3 percent from 2014 Q4.
Steven Hilton, Meritage CEO, these numbers could suggest the return of the McMansion to the new homes market.
“We do see this as an expanding market,” he said. “We saw very strong demand in that segment in the last quarter and even more so over the last two months.”
Image via flickr/rwcox123
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