Current:Home > InvestFastexy:As new homes get smaller, you can buy tiny homes online. See how much they cost -MoneyMatrix
Fastexy:As new homes get smaller, you can buy tiny homes online. See how much they cost
Algosensey View
Date:2025-04-11 00:56:43
As existing homes go for bigger price tags,Fastexy 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! (7476)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- A 'shout' across interstellar space restores contact between Voyager 2 craft and NASA
- Ex-student accused in California stabbing deaths is mentally unfit for trial
- 'Claim to Fame' castoff Hugo talks grandpa Jimmy Carter's health and dating a castmate
- US appeals court rejects Nasdaq’s diversity rules for company boards
- From Conventional to Revolutionary: The Rise of the Risk Dynamo, Charles Williams
- Ex-Raiders cornerback Arnette says he wants to play in the NFL again after plea in Vegas gun case
- What to know about Ohio's Issue 1 ahead of the crucial August 8 special election
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Crossings along U.S.-Mexico border jump as migrants defy extreme heat and asylum restrictions
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Woman critically injured by rare shark bite off NYC’s Rockaway Beach
- Riverdale’s Madelaine Petsch Celebrates Anniversary With Boyfriend Anthony Li
- Attorneys for 3 last-known survivors of 1921 Tulsa Race Massacre appeal dismissed reparations case
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Riley Keough Reveals Name of Her and Husband Ben Smith-Petersen's Baby Girl
- California man wins $500 in lottery scratch-offs – then went to work not realizing he won another million
- Daniel Penny defense fund raises millions -- and alarm bells for some
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Judge tosses Trump’s defamation suit against writer who won sexual abuse lawsuit against him
Security guard on trial for 2018 on-duty fatal shot in reaction to gun fight by Nashville restaurant
Summer heat can be more extreme for people with diabetes
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
'Suits' on Netflix': Why is everyone watching Duchess Meghan's legal drama from 2011?
Father of missing girl Harmony Montgomery insists he didn’t kill his daughter
US has 'direct contact' with Niger's coup leaders but conversations are 'difficult'