What are the solutions to create more affordable housing? Interest rates are high... inventory is low...what is a buyer to do?
To combat the increased building costs, the home builders are planning to build more smaller homes. These will be priced lower making it easier for a first time home buyer to purchase.
We will see the return of the 950 square foot homes in the builders portfolios.
I think it is great to bring back the smaller home options. The first home my husband and I purchased was 900 sq ft as a 2bed, 1 bath, 1 car garage.
It allowed us to own our own home and build equity for when we were ready to purchase our next home.
This article share more about the return of the smaller homes - Affordable Smaller Homes
Take a minute to read all about it.