I have been hearing for the last couple of years that the days of the McMansion are limited. Is this a response to the overall economy or a long term trend? After doing the Broker Tours over the past couple of weeks we have seen everything from a 700 square foot tear down to an 11,000+ square foot mansion (this one certainly had no "Mc" in front of it). The following video is a good look into the smaller footprint being promoted today. After viewing it I began to ponder the long term ramifications.
- Is the building industry adjusting to the consumer?
- Are the builders looking to lower their overall cost per home?
- Even if consumers are demanding smaller, isn't the market so diverse that it is hard to "pigeon hole" buyers into a one size fits all approach?
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