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- Homes are becoming larger and more extravagant, Census Bureau data shows.
- More four-bedroom homes are being built, and nearly all are being constructed with air conditioning.
- Home prices are expected to remain elevated and may rise by 3.5% in 2024, Goldman Sachs predicts.
Houses in the US have become much larger and extravagant over the last few decades.
Data on the characteristics of newly constructed homes for 2022, released in June by the Census Bureau, revealed homes continued to get bigger after shrinking from 2015 to 2020.
A higher share of four-bedroom houses were built, most constructed with air conditioning, and more houses are doing away with fireplaces.