Last year was the year of the McMansion, as the number of homes built with four or more bedrooms were 12 percentage points higher than it was in 2009
There is still big demand for larger homes despite economists, builders, and analysts expecting more smaller homes to come up as entry-level buyers make a comeback.
Data released by the Commerce Department this week show “unprecedented demand in 2014 for homes with four or more bedrooms, three or more bathrooms, and three-car garages,” writes real estate reporter Kris Hudson in the Wall Street Journal.
Dale Francescon, co-chief executive of Denver-based Century Communities, argues that McMansions won’t lose popularity. “We haven’t seen a decline in the demand for larger homes,” he tells The Wall Street Journal. “What we’ve really seen is an increased demand for smaller homes at a lower price point.”