More luxury homeowners are being drawn to “jewel box” homes, smaller footprints that are souped up with amenities and upscale, deluxe finishes, The Wall Street Journal reports.
The number of new luxury homes of 3,000 square feet or less has jumped nearly 20% since 2013. That has corresponded to a decrease in large, high-priced homes, according to data from Home Innovation Research Labs, a subsidiary of the National Association of Home Builders.
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