The Census Bureau tells us who lives in America -- and it also tells us what America lives in. A new report reveals all the deepest details about new single-family homes built or sold in 2013. So how does your castle compare to the modern American norm?



Justin Loiseau is a Motley Fool contributing writer.

Increase your money and finance knowledge from home

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

How Financial Planners go Grocery Shopping

Learn to shop smart and save.

View Course »

Add a Comment

*0 / 3000 Character Maximum

19 Comments

Filter by:
drpmindmender

texastotenmom
hate to bust your bubble,but the tea party~( AMERICANS FOR AMERICA )~ just won in virginia n 4 other states n are sweeping the nation n theres nothing you can do about it ,cause the TEA PARTY IS AMERICAS CHOICE. to right all ovomits wrongs. !!!!!!!!REMEMBER AMERICA ~~~>TEA PARTY/ 2014~USA. !!!!
=======================================================================

Although I have neither the facts nor any interest regarding the other 4 states that have you so giddy, but the Virginia 7th only had TEN PERCENT of it's registered voters participate in that primary election, and DEMOCRATS crossed over to vote for the Bagger candidate. As I speak, the Viginia Democratic party is preparing ads featuring all of the Bagger's EXTREMIST beliefs from his Facebook page that were DELETED just as soon as his victory was confirmed...

...Can you say, the INDEPENDENT voters in the Virginia 7th, are going to have their eyes opened VERY WIDE?

June 23 2014 at 12:26 AM Report abuse +1 rate up rate down Reply
Yup James

I have a recommendation for anybody who wants one. Throw away your suit, cash in your chips, go to the website Bionic Traders and learn how to trade and then move to South East Asia and live a life that you never dreamed you could live. That's what I am doing now and very happy instead of being in fear all the time and stressed.

June 20 2014 at 1:49 AM Report abuse +1 rate up rate down Reply
drpmindmender

trew.liberal
Consumer demand responds to incentives. Like tax deductibility of mortgage interest, tax deductibility of medical expenses, or tax deductibility of education expenses.
=====================================================================

Yes, consumers DO respond to incentives, HOWEVER...

..."The income tax deduction for mortgage interest payments is possibly the best-known federal housing policy and is deeply ingrained in the economic and social fabric of the country. Evidence suggests, however, that the mortgage interest deduction (MID) does little if anything to encourage homeownership. Instead, it serves mainly to raise the price of housing and land and to encourage people who do buy homes to borrow more and to buy larger homes than they otherwise would. Most tax return filers, especially those with low or moderate incomes, do not itemize their deductions and therefore are not in a position to take advantage of the deduction if they were to buy a home. As a result, the deduction not only drains significant revenues from the Treasury every year, it also provides much larger benefits to high-income households than to low- or moderate-income households, and has at best a small effect on homeownership."

The Urban-Brookings Tax Policy Center

Article | June 18, 2007

Encouraging Homeownership Through the Tax Code

June 18 2014 at 9:25 PM Report abuse rate up rate down Reply
teabuster2

texastotenmom

hate to bust your bubble,but the tea party~( AMERICANS FOR AMERICA )~ just won in virginia n 4 other states n are sweeping the nation n theres nothing you can do about it ,cause the TEA PARTY IS AMERICAS CHOICE. to right all ovomits wrongs. !!!!!!!!REMEMBER AMERICA ~~~>TEA PARTY/ 2014~USA. !!!!
=====================================
Bozo, how many screen do you have????

June 18 2014 at 8:15 PM Report abuse rate up rate down Reply
chitt9111

~~~~~>49% VOTED FOR ROMNEY<~~~~~

June 18 2014 at 7:12 PM Report abuse -3 rate up rate down Reply
chitt9111

"cut the size of government"~~cut obies "out of control spending"~~"deport all illegal immigrants" obie let "break'/ into america~~"cut all americams taxes"~~"vote american tea party for america" to put a stop to obies WAR ON AMERICA n his obstructing n sabotaging n holding all americans hostahe for the last 5 years now .!!!!!

June 18 2014 at 7:05 PM Report abuse -3 rate up rate down Reply
1 reply to chitt9111's comment
teabuster2

The Tea Party maybe the most popular party at the funny farm, but not in mainstream America.

June 18 2014 at 7:10 PM Report abuse +5 rate up rate down Reply
1 reply to teabuster2's comment
texastotenmom

hate to bust your bubble,but the tea party~( AMERICANS FOR AMERICA )~ just won in virginia n 4 other states n are sweeping the nation n theres nothing you can do about it ,cause the TEA PARTY IS AMERICAS CHOICE. to right all ovomits wrongs. !!!!!!!!REMEMBER AMERICA ~~~>TEA PARTY/ 2014~USA. !!!!

June 18 2014 at 8:04 PM Report abuse -7 rate up rate down
jpfmtka

Again, for the benefit of a balance between the chronic sad-sacks (Obama-blamers) and those of the population that are going just fine, think about these statistics.
A 50,000 30 year fixed rate mortgage today (4.125) results in a monthly payment of $450.66. In mid 1982, under the Reagan administration, the rate was 18.45. The same loan would carry a $980.26 payment. Quite a difference. Back in the "fabulous" Reagan years, unemployment hovered in the 10% range. (Even worse was W. Virginia and Mississippi at up to 16.4).

So, I ask, who are all you complainers and why do you feel others are to blame for your current depressed conditions?

June 18 2014 at 4:03 PM Report abuse +9 rate up rate down Reply
mac2jr

The average size of a city home is from 960 to 1,400 sq feet due to the lack of land and the use of attached row homes, etc.

The average size of the suburban home is from 1,250 to 1,800 square feet, due to the income levels of those buying these homes.

The average size of the suburban rural home is !,800 to 3,200 square feet, due to the higher income levels and amounts of ex-farm land available, and the fact that many are on septics and wells, or have horses which require two or more acres.

The average size of the rural home is 1,200 to 3,200 square feet due to the low pay of many, the communitor, the farmer, and the person with second homes. The land size is from 1 acre to a 100 or so acres.

The average size of the city, rural, suburban mansion is 5,000 to 15,000 square feet due to the salary of the buyers, the location to industry or ocean, and the lot size is 1 to 5 acres.

June 18 2014 at 3:00 PM Report abuse +2 rate up rate down Reply
drpmindmender

Once again, AOL/Huffpost/Daily Finance has used a broad brush in an attempt to paint an overly-simplified explanation to a complex, multi-faceted economic reality. At least, the article very briefly side-swiped one of the biggest factors driving the current housing market...

...The gullibilty of American consumers, who allow themselves to be mesmorized by slick, 24/7 Madison Avenue advertising, telling them they haven't "arrived" until they own a McMansion, similar to the advertising tactics used to convince them to buy the latest automobile, electronic do-dad, etc, etc, .etc... .

A home is NOT a status symbol, nor is it an investment. It's simply a place where you live your life (Madison Avenue got THAT part right). However, it's hard to enjoy that life, if you're constantly worried about making the mortgage payments, utility payments, etc,etc,etc,... because you've purchased WAY more home than you actually NEED.

June 18 2014 at 2:48 PM Report abuse +1 rate up rate down Reply
2 replies to drpmindmender's comment
teabuster2

Very good point

June 18 2014 at 4:16 PM Report abuse rate up rate down Reply
trew.liberal

Madison Avenue has little to do with over-consumption of housing, while government goon misuse of tax policy to institute failed social engineering has much to do with over consumption of housing.

But hey, at least your streak remains intact.

June 18 2014 at 5:09 PM Report abuse -4 rate up rate down Reply
3 replies to trew.liberal's comment
jpfmtka

To all the whiners, finger-pointers, critics and name-callers who find it convenient to blame their situation on other people, "the government", Presidential leadership, the Federal Reserve Bank, immigrants, welfare recipients, the god-less, the bible thumpers, gays, the educational system, the movie industry.. etc..etc...

Some of us are going great despite all the subversive activities designed to undermine our society. My neighborhood is in a swim/golf/tennis community of 3000-5000 square foot homes on two acre lots. The best school system one could ask for. Pride of ownership (a nice balance between young families and retirees). No foreclosures. Homes sell before they are actually listed. Prices range from the very high 300,000 to low 500,000. Wow, what aberrations we are!

June 18 2014 at 2:40 PM Report abuse +3 rate up rate down Reply
1 reply to jpfmtka's comment
teabuster2

Dream on

June 18 2014 at 5:57 PM Report abuse rate up rate down Reply
1 reply to teabuster2's comment
jpfmtka

Actually, teabuster2, this neighborhood does indeed qualify as the American "Dream" neighborhood. Off for a walk now through our 100 miles or so of paved path woodlands and for a little chatting it up with neighbor housewives (who do not work) and retirees . We'll plan to stop at the community clubhouse with it's Olympic sized pool and a slide that rivals most at any waterpark. The kids swim team trains every morning and it is fun to watch them. The dog, however, is more interested in the stray tennis balls that can be found outside our tennis courts.

Life is good!

June 19 2014 at 8:57 AM Report abuse +1 rate up rate down