Americans are discovering the big benefits of smaller living as CNN Business reported the growing demand for tiny homes. A recent National Association of Home Builders (NAHB) survey found that over half of Americans would consider living in home with less than 600 square feet, and interest in tiny living among millennials has increased to 63 percent.
“Tiny is inevitable,” said Soren Rose, founder of the tiny house manufacturing company Klein. The manufacturer began communicating with experienced architects to design tiny homes in 2017. Not only is the market changing for tiny homes, but also regulations surrounding their production. According to the NAHB, the relaxation of building requirements in a recently updated building code with less strict rules on ceiling height and staircase specifications.
“The future for residential housing has to change,” said David Latimer, a tiny home designer and owner of New Frontier Tiny Homes. “It is an idea whose time has come.” In other real estate news: A recent survey found that 54 percent of respondents believed rising interest rates to be the greatest concern for mortgage professionals in 2019. The Genworth Mortgage Insurance study found that the lack of affordable housing, at 37 percent, to be the next credited concern for the upcoming year. The data
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