Typical new home size falls prior to and during a recession as some homebuyers cut back, and then sizes rise as high - end homebuyers, who face fewer credit constraints, return to the housing market in relatively greater proportions.
Typical new home size falls prior to and during a recession as home buyers tighten budgets, and then sizes rise as high - end homebuyers, who face fewer credit constraints, return to the housing market in relatively greater proportions.
Not exact matches
Whilst Erasmuskloof is one of the
newer south eastern suburbs of Pretoria, given over to a number of townhouse complexes and
typical suburban
homes, it is also obvious that Waterkloof has influenced the
sizes of properties here.
But a look at the
size of the
typical new single - family
home in 2015 found the opposite:
home sizes grew to an average of 2,721 square feet, the highest yet, and an indication that the
new -
home market continues to be dominated by move - up buyers, rather than first - time buyers.
The
size of a
typical new single - family
home declined slightly for the final quarter of 2013, although the trend for the year was one of increasing
size.