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McMansions Return: Why Big Houses Are Coming Back

CNBC - Dec 17, 2012

After five years of downsizing, homeowners may be "upsizing" once again. A growing family and a need for more living space are the prime reasons across the generations, according to a new survey by national homebuilder PulteGroup.

"There appears to be a renewed sense of optimism in housing. Homebuyers, regardless of their stage of life, still want and need larger homes," said Pulte's chief marketing officer Deborah Meyer in a release. "Consistent with our consumer research, the survey results show that today's buyers are equally focused on more efficient use of the spaces within their homes."

Eighty-four percent of homeowners ages 18-59 surveyed by Pulte said they did not have plans to downsize, which was particularly surprising, given that Baby Boomers have been expected to downsize en masse; many have been unwilling or unable to sell their large homes, however, due to the huge drop in home prices over the past five years.

Read Full Article from CNBC

- Posted: 2012-12-17 12:46:00


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