With housing prices staying strong and in some case out of reach for the younger couple looking to find their starter home, many properties are out of reach. Some will look to buy in so called ‘bedroom communities’ outside larger cities. Some will simply opt for a smaller space. That’s where the tiny house comes in.
Sixty-three percent of millennials say they’d live in a tiny house that’s less than 600 square feet.
More people seem to be more willing to downsize — they’re even ready to go “tiny.”
A new survey by the National Association of Home Builders shows more than half of Americans would consider living in a home that’s less than 600 square feet.
According to a CNN report, those in the tiny house industry say the challenge to wider acceptance of tiny homes is procedural – things like consumer financing and zoning regulations are holding the industry back.
With design enhancements and changes in financing and zoning, even wider acceptance of tiny homes may be possible.
Image credit New Frontier Tiny Homes