From Dubai's latest seven-world-record-breaking complex to a bathtub that can float in the middle of your living room, design around the world is getting flashier. But don't let all of this glitz and glam fool you. Homes across the United States are, in fact, getting smaller.
In the second quarter of 2015, that the median size of new construction homes shrunk by 40 square feet. Sure, that's only the size of a walk-in closet, but it does suggest that the market may be starting to shift towards more modest homes.
Over the past 40 years, the average size of homes in the U.S. has , going from 1,525 square feet in 1973 to 2,453 square feet in 2014, according to the . The median size of newly-constructed homes currently clocks in at 2,439 square feet.
Those numbers appear to be making a downward spiral with and tiny homes growing in their appeal.
David Crowe, chief economist for the National Association of Home Builders, told Realtor.com that he believes the influx of first-time home buyers will continue to pressure new developments to size down.
But don't panic. If you're saving up to buy a McMansion, you still can. "With interest rates as low as they are, people can push to buy the biggest home in the group," Florida-based GL Homes president, Marcie DePlasa, told Realtor.com.
Watch how the size of housing has changed over the past four decades, below.