Our Changing Housing Market

OUR CHANGING HOUSING MARKET: THE UPS AND DOWNS IN SALE PRICE AND HOME SIZE OVER THE LAST 40 YEARS 320.000 300.000 280.000 AVERAGE 260.000 240.000 НOME 220.000 SALE PRICE GROWTH 200.000 180.000 since 160.000 1970-2012 140.000 120.000 100.000 80.000 60.000 SALE 40.000 20.000 in USD "70 "72 "74 "76 "78 '80 '82 84 '86 '88 '90 92 94 96 98 00 '02 '04 06 08 10 'I1 '12 years AVERAGE 2.400 HOME 2.300 2.200 FLOOR AREA GROWTH 2.100 2.000 since 1970-2012 in USA 1.900 1.800 1.700 1.600 Square Feet "74 "76 "78 '80 '82 '84 86 '88 90 '92 94 '96 98 '00 '02 '04 '06 '08 10 11 12 years FACTS! Did You Know? The average home in 1950 was only 1,000 sq/ft and had only 1 bathroom. There were 37.2 million homes counted in the first housing census in 1940. There were 131.7 counted in 2010. • In 2012 the average new single-family home sold was built on a lot of 15,634 square feet. REFERENCES: http://www.census.gov/const/uspriceann.pdf http://www.census.gov/const/C25Ann/sftotalmedavgsqft.pdf MITCHELL Building ABetter Value. HHOMES www.mitchellhomesinc.com