 According to the National Association of Home Builders, the typical buyer today wants a home that is just over 2,000 square feet. New homes have been shrinking since 2015 when the average home size peaked at 2,600 square feet. Whether as a reaction to high prices or because they simply want a smaller space, experts say homebuyers today are asking for smaller homes. Changing demographics also play a role. Nearly 30% of recent homebuyers in the U.S. are single, according to the National Association of Realtors.