Current:Home > InvestAs new homes get smaller, you can buy tiny homes online. See how much they cost -MoneyFlow Academy
As new homes get smaller, you can buy tiny homes online. See how much they cost
View
Date:2025-04-15 17:39:56
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! (9)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Former NFL star and CBS sports anchor Irv Cross had the brain disease CTE
- Cook Inlet: Oil Platforms Powered by Leaking Alaska Pipeline Forced to Shut Down
- Diabetes and obesity are on the rise in young adults, a study says
- A White House order claims to end 'censorship.' What does that mean?
- Idaho dropped thousands from Medicaid early in the pandemic. Which state's next?
- Infant found dead inside garbage truck in Ohio
- FDA authorizes the first at-home test for COVID-19 and the flu
- Where will Elmo go? HBO moves away from 'Sesame Street'
- 'Do I really need to floss?' and other common questions about dental care
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Can Energy-Efficient Windows Revive U.S. Glass Manufacturing?
- Suicide and homicide rates among young Americans increased sharply in last several years, CDC reports
- Walgreens won't sell abortion pills in red states that threatened legal action
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- This Racism Is Killing Me Inside
- Obama Unveils Sharp Increase in Auto Fuel Economy
- 2018’s Hemispheric Heat Wave Wasn’t Possible Without Climate Change, Scientists Say
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Pandemic food assistance that held back hunger comes to an end
They could lose the house — to Medicaid
Bindi Irwin is shining a light on this painful, underdiagnosed condition
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Stone flakes made by modern monkeys trigger big questions about early humans
In Texas, Medicaid ends soon after childbirth. Will lawmakers allow more time?
LGBTQ+ youth are less likely to feel depressed with parental support, study says