'McMansion' era ends in the Twin Cities
According to the Pioneer Press the era of supersized homes in the Twin Cities is coming to an end as consumers spend less and people become more environmentally conscious.
The median home size is predicted to drop 11 percent in 2009 said the Builder's Association of the Twin Cities.
An aging population is also a cause in the decreasing size of homes. Baby boomers prefer smaller ramblers, or town homes.
The ailing economy is causing people to think about what they really need and forcing them to live more modestly.
The "green effect" is causing home builders and buyers to build smaller more efficient homes, which is influencing the median home size in the Twin Cities.
Comments
I am a Home Builder in Rochester MN, and I think it's horrible to see all of those people lose their homes. Luckily we have a very stable market with the Mayo Clinic and IBM, so we haven't been hit too hard.
Posted by: Penz | March 10, 2009 9:53 PM