McMansions Are Back

The rise in new home sales is being driven in part by demand for the kind of larger and more luxurious custom-built houses that had fallen out of favour in recent years: so-called McMansions.

Data released on Wednesday shows that sales of newly built homes rose 3.3% in April from a month prior and 9.9% from a year ago. While the figures do not disclose the size of these new homes, home builders credited the McMansion side of the spectrum.

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