Keller WIlliams Luxury Logo
Home » Builders Down Size to Offset Costs

Builders Down Size to Offset Costs

by | Apr 30, 2008 | New Construction | 0 comments

This should not come as a suprise to many people, but builders are not only cutting back on home production, but size as well. I saw this article earlier this week from
Alllan Lengel in the Washington Post. Read on:

Home builders are cutting back on square footage and offering fewer amenities to keep the costs down.

“We are dealing with realities of the market. Prices have come down somewhat, and some houses are smaller,” says Don Knutson, senior regional president for the mid-Atlantic division of Beazer Homes. “I think square-footage reduction has been about 5 percent between 2007 and 2008.”

A 2007 national survey conducted by the National Association of Home Builders found that 42 percent preferred a bigger house with fewer amenities, compared with 58 percent who said they would prefer a smaller house with “high-quality products and amenities.”

That represented a change from 2000, when 51 percent wanted a bigger home with fewer amenities.

“I would say generally people are realizing bigger is not always better if they can get a smaller home that is affordable,” says Knutson.

Recent Posts

Featured Restaurant & Activity for November

Featured Restaurant & Activity for November

Featured Activity - Walking tour of Kailua-KonaKailua Pier, every Wednesday at 9:30am History buffs will want to take this walking tour of Kailua-Kona and learn about the many historical places in this seaside village. The tours are led by Pelena Keeling, a lifelong...

read more
“What Am I Paying For?”

“What Am I Paying For?”

These days, with all the discussions about commissions in the news, the new real estate rules, etc. every consumer is asking themselves the same question, which is, “what am I paying for?” I think it’s an excellent question and a question every real estate agent...

read more
September Market Sales Statistics

September Market Sales Statistics

Real Estate sales in the Resorts continued to be sluggish in September, the one bright spot being six condominium sales at Mauna Lani Resort. Otherwise, there were just two home sales – one each in Kohanaiki and Kūki`o. Other sales - condominiums - were limited to...

read more
August Sales Statistics for the Big Island Resort Areas

August Sales Statistics for the Big Island Resort Areas

Resort real estate sales were slow in the month of August, perhaps partly a reflection of the flat visitor numbers during what is normally a fairly active month for vacationers. There were just four condo sales and four home sales to end the summer. Home sales were...

read more
I Thought Service in This Country Was Dead, Until…

I Thought Service in This Country Was Dead, Until…

By Dan Polimino OK, I’m guilty. Maybe I threw in the towel too fast. I can’t tell you how many times I’ve uttered the phrase, “can you get me your supervisor,” because I was getting nowhere with Customer Service. I really thought customer service is completely dead in...

read more

Recent Listings

Call Now