Tiny Home Living is Thriving, But With Drawbacks
Although the need for more space is one of the top demands for current buyers, 2020 will likely be a record year for tiny homes—but tiny homes are coming with more setbacks due to the virus. One tiny home owner who lives with her husband and three dogs in a 7-foot-by-16-foot cargo trailer said the pandemic has made her home feel “a whole lot smaller,” reports The New York Times. No debt or financial burdens, endless travel, and little limitations are the big reasons why many turn toward tiny home living, but the pandemic has put a pause on many of those benefits. Global Tiny Homes Market 2020 report found builders and sellers saw above average sales for tiny homes during the pandemic.
Tiny Home builders and sellers agreed that sales have been above average during the pandemic. The report estimates that this market could increase by $5.8 billion between 2020 and 2024.
Fifty six percent of Americans said they would live in a tiny home, according to a survey conducted in late 2020 by the Tiny Home Industry Association. But tiny homes sold so well last year mainly because so many people wanted to use them as extra work or study spaces, while they continued living large in their regular homes.