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Shrinking Lots: Spec Building New Norm

Summary by LBM Journal
Analysis of Survey of Construction data reveals stark changes in the lot size distribution and documents a dramatic shift towards more compact building over the last two decades.
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2 Articles

Eye On HousingEye On Housing
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LBM JournalLBM Journal

Shrinking Lots: Spec Building New Norm

The share of smaller lots remained record high in 2024, with two out of three new single-family detached homes sold occupying lots under 9,000 square feet (1/5 of an acre or less). Moreover, a high share of 40% occupied lots under 7,000 square feet (or less than 1/6 of an acre). These shares match the...

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Eye On Housing broke the news in on Friday, July 11, 2025.
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