"Survey Reveals Shrinking Homes and Vanishing Hallways"
A new survey by John Burns Research and Consulting indicates that new homes in the U.S. will continue to get smaller, with hallways and other non-functional spaces being eliminated to cut costs. This trend is driven by rising construction spending and high home prices, making smaller homes more affordable for buyers, especially in a market where mortgage rates are around 7% and homes are unaffordable in 80% of U.S. counties.