The Data

Data driven decisions

Our current data driven society is transforming the way decisions are made and, consequently, how people interact with the world. We took a deep look into data surrounding housing industry to guide our design decisions. Here is what we found:

-National average cost of a home

2018 NEW home $379,317

2018 USED home $296,492

-Average home size

1950: 983 sq.ft.

1973: 1.660 sq.ft.

2015: 2,687 sq.ft.

-People living in a single family home

1950: 3.8

2017: 2.6

-Average college grad student loans

2016 $37,000

-Average personal debt (excluding home mortgages)

1950: less than $2,000

2018: $38,000

-Portion of income spent on rent by age 30 (adjusted for inflation)

Baby boomers 36%

Gen X 41%

Millennials 45%

-The U.S. Census Bureau recently reported home ownership is at a 51-year low of 62.9%

-On average, 8,000 lbs of waste is created in the construction of a 2,000 sq.ft. home

Increased home sizes, decrease in family size, increase in personal debt. What does this mean to us? The housing industry is in need of a correction. This is what led us to design for 1000 sq.ft, 2-3 bedrooms and 2 bathrooms with an eye to minimize onsite construction and waste.

Plain and simple, the numbers make sense.

Live Smart

Live Different

#data #thewhybehind