Current:Home > InvestIndexbit Exchange:As new homes get smaller, you can buy tiny homes online. See how much they cost -Ascend Wealth Education
Indexbit Exchange:As new homes get smaller, you can buy tiny homes online. See how much they cost
TrendPulse View
Date:2025-04-10 10:50:13
As existing homes go for bigger price tags,Indexbit Exchange new homes are shrinking. You can even buy and ship tiny homes online now.
In 2023, the average size of new homes built fell to less than 2,500 square feet, the smallest they've been since 2010, according to an April report from the National Association of Home Builders. That downward trend started in 2015, and only buoyed in 2021, which the organization attributes to pandemic-fueled desire for more space to stay home.
The NAHB says affordability is mostly what's driving this downsizing trend, though a spokesperson with the organization could not offer specific data on the "tiny home" trend. Having units delivered to you from major retailers would certainly make it easier to downsize, too.
National trends:Where can millennials afford to buy a home? Map shows cities with highest ownership rates
Home Depot, Amazon sell tiny homes online
Home Depot recently told USA TODAY that they sell more than 30 varieties of tiny homes online.
Last summer, a prefabricated Home Depot tiny home went viral online. Several realtors broke down the listing online, dazzled by the "Getaway Pad Mini 1 Bed 1.5 Bath" selling for less than $45,000.
But the renderings of a finished home with a spiral staircase and roof deck patio were just that, the tiny homes are "steel frame kits" with accessories sold separately.
Amazon also sells tiny homes online. The "Chery Industrial Expandable Prefab House" is 19 feet by 20 feet, and sells for $17,500.
YouTuber Nathan Graham with Unspeakable chronicled his journey buying one of these Amazon homes. To his apparent surprise, it came folded and finished with doors, windows and bathroom fixtures. However, the listing specifies customers will need to hire an electrician for wiring. Graham nor Amazon responded to multiple requests for comment.
How do online tiny homes compare to national average prices?
Some have called the current housing market the least affordable in recent memory. Tiny homes have long been touted as a potential solution to lack of housing affordability and homelessness.
The median existing home sale price in March was up to $393,500, the highest price ever for that month, according to the National Association of REALTORS.
That sits quite a bit higher than the tiny homes online going for less than $50,000, but you would still need somewhere to put it.
Contributing: Camille Fine, Sara Chernikoff
veryGood! (4921)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Ukrainian drone video provides a grim look at casualties as Russian troops advance toward Avdiivka
- Patrick Dempsey Makes Rare Appearance With All 3 Kids on Red Carpet
- Belarus political prisoners face abuse, no medical care and isolation, former inmate says
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Israeli airstrike killed a USAID contractor in Gaza, his colleagues say
- NFL bans Eagles security chief Dom DiSandro from sideline for rest of regular season, AP sources say
- The newest season of Curb Your Enthusiasm will be the show's last: I bid you farewell
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Watch as Rob Gronkowski sings the national anthem at the start of the LA Bowl
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- Teenager Alex Batty returns to Britain after being missing for 6 years and then turning up in France
- Steelers' Damontae Kazee ejected for hit that gives Colts WR Michael Pittman concussion
- The leaders of Italy, the UK and Albania meet in Rome to hold talks on migration
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Federal agency quashes Georgia’s plan to let pharmacies sell medical marijuana
- Anthony Anderson to host the Emmy Awards, following strike-related delays
- US Senate confirms Shreveport attorney as first Black judge in Louisiana’s Western District
Recommendation
A South Texas lawmaker’s 15
Zara pulls ad campaign that critics said resembled Gaza destruction
Putin supporters formally nominate him as independent candidate in Russian presidential election
WeightWatchers launches program for users of Ozempic and other weight-loss drugs
SFO's new sensory room helps neurodivergent travelers fight flying jitters
College Football Playoff committee responds to Sen. Rick Scott on Florida State snub
Teddy Bridgewater to retire after the season, still impacting lives as 'neighborhood hero'
79-year-old Alabama woman arrested after city worker presses charges over dispute at council meeting