Homes have been getting bigger and bigger for some while. The last time we looked, room additions were still a real important part of the remodeling market.
More Quotes from Kermit Baker:
It's a harbinger of slower growth. Both home-building and remodeling helped carry the economy through slower times. Now it will be the reverse, or at the very least it won't be a source of propping up the economy.Kermit Baker
This is a generation that has wealth and longevity. And most aging people don't want to move.
Kermit Baker
We're seeing regional design activity very strong here. The strongest sectors seem to be on the institutional side, education and health care.
Kermit Baker
Not bigger, but better - that thought has caught on in some places.
Kermit Baker
My suspicion is, this 'staying within the footprint' idea has to do with zoning. If there are restriction setbacks in a community, or floor area requirements, there's an incentive to do this. You can't build on, so you build within. That would generate some pretty creative solutions.
Kermit Baker
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