flexiblefullpage - default
Currently Reading

Share of Smaller Lots Rose to Record High During the Pandemic

Advertisement
billboard - default
Land Planning

Share of Smaller Lots Rose to Record High During the Pandemic

A large share of new for-sale homes were built on smaller lots throughout the pandemic, even as buyer preferences shifted in favor of spacious living 


September 8, 2022
Crowded residential neighborhood with homes on small lots seen from above
Image: Stock.adobe.com

While homebuyers reported a desire for more spacious properties throughout the pandemic, a rising share of new for-sale homes were built on smaller lots in 2021, Eye on Housing reports. More than two-thirds (67) of new single-family detached homes sold in 2021 were built on lots smaller than one-fifth of an acre, possibly due to unprecedented lot shortages in the midst of a nationwide homebuying boom.

The most dramatic shift in lot size distribution during the last decade took place at the lowest end, with lots under 0.16 acres increasing their share from 28% in 2011 to 39% in 2021.

The latest SOC data show that 67% of all new single-family detached homes sold in 2021 were occupying less than 1/5 of an acre. Going back to 1999, when the Census started tracking these data, the share was 46%. A persistent shift towards smaller lots, however, is a more recent phenomenon. The share of lots under one fifth of an acre was fluctuating around 48%, never crossing the 50% mark, until 2011. In contrast, the share rose rapidly during the last decade, from 50% in 2011 to 61% right before the pandemic and gained additional 6 percentage points during the two pandemic years.

Read more

Related Stories

Outdoor Living

How to Transform a Non-View Lot Into an Eye-Catching Home Site

Not everyone can afford to pay a premium for sought-after view lots, but following these design tips can turn any basic yard into a charming outdoor living space

NAHB

NAHB Develops Land Use Resources for Home Builders and Buyers

Chairman's Message: An NAHB Land Development Committee working group is creating educational resources to help make land-use policy information more accessible

Land Planning

North Carolina Habitat for Humanity Buys 100 Acres of Land for Workforce Housing

The Sandhills, NC, office recently bought 100 acres of land to build workforce housing for hundreds of families

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category



Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.