American Homeowners Have More Extra Bedrooms Than Ever, New Realtor.com® Report Reveals [Yahoo! Finance]
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Source: Yahoo! Finance
The trend in increasing number of excess bedrooms is driven by both declining household sizes and by an increase in the number of bedrooms per home SANTA CLARA, Calif. Dec. 18, 2024 /PRNewswire/ -- Although your home might feel tight this holiday season, nationally, the number of extra bedrooms, defined as a bedroom that is in excess of the number of persons in the home, plus one to account for an office, has reached the highest levels in Census record history, according to a new report from Realtor.com ® released today. In 2023, the number of extra bedrooms in the U.S. reached 31.9 million, up from 31.3 million the year prior and over four times the 7 million extra bedrooms the country had back in 1980. Additionally, taking into account that the U.S. housing stock is as large as it has ever been, the analysis found the share of all bedrooms that could be considered an "extra" bedroom has also reached a record high of 8.8%. This is up from the 8.7% in the year prior and over twic
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