What I saw was more the change in retirees housing expectations.
After the 2008 meltdown, as thing started coming back... the lake camps/cottages were being rebuilt... basic materials.
A few years later, high end materials.
Then came the McMansions. They would tear down the existing structure and build something new and much larger still with high end materials.
After covid, with the labor and materials price increases, to hit a budget number, the building would need to be large with more basic materials, or small with the high end materials.
Large with basic materials became the norm... now we are starting to see the shift to small with higher end materials - same price range just less focus on interior space.
I think given time, we will once again see the small with basic materials.
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