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☆ New homes are getting smaller. That could be big news for first-time buyers
▼ + stars: | 2024-08-05 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

In 1973, the median size of completed single-family homes was 1,525 square feet, according to US Census data. But as the cost of buying a home has exploded and McMansions have fallen out of favor, homebuilders have reversed course, building smaller homes with an eye to first-time buyers. Today, smaller, often more affordable homes under 1,000 square feet are harder to come by in most US suburbs. According to an NAHB survey, 17% of homebuilders said they built homes on smaller lots in 2023 to support home sales, and 14% said they built more townhouses. Smaller homes and fewer amenitiesHeather Eisenmann, a Realtor who specializes in selling new construction in Clarksville, Tennessee, said that she’s noticed that many of the new homes she shows now have smaller bedrooms and living rooms.

Persons: Jordyn Carias, ”, homebuilders, Alan Ratner, “, we’ve, Levittowns, wasn’t, Jacob Anbinder, ” Anbinder, Levitt, Irving Haberman, Michael Murray, Heather Eisenmann, she’s, ” Eisenmann Organizations: CNN, Zelman, Associates, National Association of Homebuilders, Cornell University, Sons, National Association of Realtors, Census Bureau Locations: Muscatine , Iowa, America, Levittown, New York, Puerto Rico, Real, United States, Horton, Clarksville , Tennessee, Muscatine, Sacramento

☆ Election Updates: Tom Cotton emerges as a top contender in Trump’s V.P. race.
▼ + stars: | 2024-05-24 | by ( Michael C. Bender | ) www.nytimes.com time to read: +8 min

“I woke up, I said, ‘I wonder, will it be hostile or will it be friendly?’” Mr. Trump said. It was a love fest.”As is often the case during Mr. Trump's speeches, the truth was a bit more complex. But Mr. Trump observed that Mr. Levitt had exited his business too early and was unable to make a comeback when he wanted to years later. The reason, Mr. Trump said, was that he had squandered his momentum. “You have to always keep moving forward,” Mr. Trump said.

Persons: Miles, Donald J, Trump, “, ‘, ”, Biden, Hiroko Masuike, Trump’s, —, Unprompted, Mr, Indiana Mitchell, Rafael Brito, ” Mr, Brito, Melvin Howard, William Levitt, Levitt, ” Jeffery C, Mays Organizations: New York State, Trump, South Bronx . Credit, New York Times, Dominican, Queens, New York Police Department Locations: Bronx, New York, York City, Crotona, Florida, “ New York, South Bronx, United States, Dominican Republic, ”, Central Park, Long

☆ Build in the Suburbs, Solve the Housing Crisis
▼ + stars: | 2023-05-12 | by ( Ginia Bellafante | ) www.nytimes.com time to read: +2 min

Unlike the Levittowns of 1957, these early suburbs were not as homogeneous, because the wealthy people who lived there were so reliant on domestic labor. The more vaporous claim that density threatens a certain “way of life” requires us to ask: What way? In 1960, during the high period of the ranch house, 44 percent of American households were made up of married couples with children. During the same period, the proportion of households containing only a single individual more than doubled, to 28 percent. In 2010, the population of Nassau County was 66 percent white; now it is 57 percent white.

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