Sunday, October 16, 2005

No Where To Go But Up

No Where To Go But Up

Single story architecture sits right at the confluence of two trends driving the home building industry: consumer demand for bigger homes and the increasing price of open land.

The near disappearance of the single level style in a new construction is a milestone in regional land use a deviation from decades of building that emphasized one story homes. An one that seems ironic as the large baby boomer population is aging and more likely to be seeking out places without stairs.

About 44% of all new single family homes in the U.S. had two or more stories in 2004, up from 30% in 1978 according to U.S. Census Bureau statistics. This upward movement is not limited to urban setttings. There are entire developments being built in the Inland Empire where the bulk of Southern California's new home growth is, that don't have a single level home in them.

It's only the senior citizens who want a single-story homes. Homes with second story adds square footage without taking up more space on the ground.

Twenty years ago the average lot in California was more than 7,500 square feet, now is about 6,417 square feet.

Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends

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