According to the New York Times, the sluggish economy and a growing consciousness of environmental concerns are changing the idea homeowners once held that “bigger is better”. Even in affluent areas like Westchester, so-called “McMansions” are gradually falling out of favor.
Some families who purchase these supersized homes for millions don’t have enough change left over to furnish them or to pay for higher property taxes and utility bills. Others are still purchasing large lots but building smaller houses in order to reduce their carbon footprint and be more enviro-friendly.
Builders say that today’s McMansions of 6,000 square feet would have been 8,000 square feet a decade ago. Indeed, the National Association of Home Builders predicted that the average size of a new home in the United States would shrink to 2,152 square feet by 2015. This is 10% smaller than the average new home size in 2010.
The forecast for oversized homes remains sunny, however, in the upscale neighborhoods of Scarsdale, Rye and Larchmont where Manhattanites moving north still seek to upsize.