25% of new homes over 3000 Square Feet

As the economy struggles, large homes continue to be built during the worst recession since the great depression. Larger new homes, two story, balconies, man caves, children's wings, and 4 car garages are being built. The number of new homes over 3000 square feet has grown by 33% over the past 10 years. As the market works to absorb 4.3 million foreclosed homes since 2007,  one in four new homes are supersized. Contributing to this is the falling price of new homes, receeding to $267,000
for an average new home in 2011, as compared to the same home in 2008 at 292,000. The U.S. Census Bureau puts the size of an average home at 2480 sf in 2011 up 62% from an average of
1525 sf in 1973. This is also a sign of affluency spending, by those at the top, who have more money to spend, and look for ways to do so.