Current:Home > MarketsAs new homes get smaller, you can buy tiny homes online. See how much they cost -Profound Wealth Insights
As new homes get smaller, you can buy tiny homes online. See how much they cost
View
Date:2025-04-18 05:47:03
As existing homes go for bigger price tags, 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! (3772)
Related
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- How to Watch the 2024 MTV VMAs on TV and Online
- I'm a retired Kansas grocer. Big-box dollar stores moved into town and killed my business.
- Bruce Springsteen's wife Patti Scialfa reveals blood cancer diagnosis
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Trial opening for former Houston officer charged with murder after deadly raid
- Oregon police charge a neighbor of a nurse reported missing with murder
- Missing California woman found alive after 12 days in the wilderness
- New data highlights 'achievement gap' for students in the US
- Red Lobster launches Cheddar Bay 2024 campaign; free Red Lobster for 4 years up for grabs
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Grief over Gaza, qualms over US election add up to anguish for many Palestinian Americans
- Oft-injured J.K. Dobbins believes he’s ‘back and ready to go’ with Chargers
- A remote tribe is reeling from widespread illness and cancer. What role did the US government play?
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Kirk Cousins' issues have already sent Atlanta Falcons' hype train off track
- Billy McFarland Confirms Details of Fyre Festival II—Including Super Expensive Cheese Sandwiches
- Miami Dolphins’ Tyreek Hill Speaks Out After Being Detained by Police Hours Before Game
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
US investigating reports that some Jeep SUVs and pickups can catch fire after engines are turned off
Lions defeat Rams in overtime: Highlights, stats from Sunday Night Football
Missing California woman found alive after 12 days in the wilderness
What do we know about the mysterious drones reported flying over New Jersey?
How We Live in Time Helped Andrew Garfield's Healing Journey After His Mom's Death
Tennessee, Texas reshape top five of college football's NCAA Re-Rank 1-134 after big wins
Olympian Abbey Weitzeil Answers Swimming Beauty Questions You’ve Wondered About & Shares $6 Must-Haves