Wellness

Americans are binging on big houses, and it's locking millennials out of the housing market

4 days ago   |   By Business Insider

Courtneyk/Getty Images
Millennials make up the lion's share of homebuyers , but there aren't enough starter homes for them.
Data from Freddie Mac shows the number of entry-level homes has dwindled over time.
Part of the problem is that American houses keep getting bigger, and on smaller lots.
See more stories on Insider's business page .
If you're a millennial or a first-time buyer excited to purchase a starter home, you'll probably have trouble finding one. Not only are starter homes at a 50-year low , but the size of the typical American house getting built is bigger than prior decades...
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