LOUISVILLE, Ky.--(BUSINESS WIRE)--One outcome of the declining real estate market has been a move to building and offering smaller homes. It was a trend that had been suspected but earlier this year the statistics were announced that back it up. The average size of homes started in the third quarter of 2008 was 2,438 square feet, down from 2,629 square feet in the second quarter, according to the U.S. Census Bureau. 1
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LOUISVILLE, Ky.--(BUSINESS WIRE)--One outcome of the declining real estate market has been a move to building and offering smaller homes. It was a trend that had been suspected but earlier this year the statistics were announced that back it up. The average size of homes started in the third quarter of 2008 was 2,438 square feet, down from 2,629 square feet in the second quarter, according to the U.S. Census Bureau. 1