Building has slowed a great deal on the East End this past year and it is yet unclear if new home sizes will shrink with the rise in energy costs and the slowing of the economy.
Joe Farrell from Farrell Building Company just finished a new 15,000 square foot house on Halsey Lane in Bridgehampton. The pic on the left is of the master bath. Ahhh, the fabulous Humptons!
“Homes are getting smaller now because people feel poorer, but all that will change once the recession ends and consumer confidence is restored. Significantly, the builder association projects that home sizes will “stabilize” at around 2,500 square feet over the next five years—the same size homes were at the height of the boom in 2007.”
See June Fletcher’s WSJ piece here