Lots are Smallest on Record

I had been saying this for awhile, I should have known there was an entity somewhere that was tracking this empirically.   Eyeonhousing.org has charts and information showing that the median lot size in the US is 1/5th of an acre.   The one thing that controls EVERYTHING in real estate – location, and therefore the earth it sits on  – is getting pretty expensive to develop.

Lot Sizes in 2015 are smallest on record
SOC_lotsize15

What are your thoughts on the shrinking of lots, and yet home prices are rising?

David Madaffari

 

 

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