The 1970’s was the greatest home building decade in U.S. history in terms of the total number of new homes built—nearly 18 million residences in that decade. Fueled by the Baby Boom generation’s need for housing, there was a rental housing boom in the early 70’s, followed by a very strong starter home market, and later as the Baby Boom generation continued to move through its life cycle, began buying move-up homes like they did starter homes a decade earlier.
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For the past several years, Outdoor Living upgrades have been getting a lot more attention as homeowners seek to expand their living space from within the walls of the home to beyond those borders. Average new home size has shrunk in the past few years, but the expansion of outdoor living space has more than filled the gap the shrinking home has left.
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