An About-Face for McMansions

BN-IM699_HOMESI_G_20150519142919Is the McMansion back? Or is the first-quarter record high in the median size of newly built, single-family homes a statistical blip?

Many economists are opting for the latter, given trends in the broader housing market, including construction of a greater number of smaller, affordable homes.

The median size of a home built in the U.S. in the first quarter registered 2,521 square feet, up 76 square feet, or 3%, from the fourth quarter, according to Commerce Department data released Tuesday. It was the first increase for that measure after three consecutive quarters of decline.

 Read more of this Wall Street Journal article here.