I thought this was amusing…
From D.R. Horton: Smaller is better in some markets, May 5th:
D.R. Horton’s chief executive says smaller, more affordable homes are selling well in some areas and will bring higher profits to the nation’s largest home builder.
CEO Donald Tomnitz said the smaller homes were particularly popular in Seattle and Portland, Ore. Smaller homes are cheaper to build and attract first-time buyers because they are priced competitively with foreclosures.
From Weyerhaeuser CEO: Housing excess ‘made up for’, April 21st:
Weyerhaeuser CEO Dan Fulton (Weyerhaeuser owns Quadrant Homes) – “We see some signals that average home size is declining. That to me makes sense. It’s simpler. It’s smaller, and that’s bringing that home price back down to the point where your average prospective homeowner with the median income can buy a new home.”
Meanwhile, on 196th Street in Lynnwood:
Hmm…