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Economy|The Great Compression https://www.nytimes.com/2024/02/17/business/economy/the-great-compression.html * Share full article * * Many small houses sit side by side in the Elm Trails subdivision from Lennar Homes in San Antonio.Credit...Josh Huskin for The New York Times Skip to contentSkip to site index Search & Section Navigation Section Navigation THE GREAT COMPRESSION Thanks to soaring housing prices, the era of the 400-square-foot subdivision house is upon us. Many small houses sit side by side in the Elm Trails subdivision from Lennar Homes in San Antonio.Credit...Josh Huskin for The New York Times Supported by SKIP ADVERTISEMENT * Share full article * * * Read in app By Conor Dougherty * Feb. 17, 2024 Robert Lanter lives in a 600-square-foot house that can be traversed in five seconds and vacuumed from a single outlet. He doesn’t have a coffee table in the living room because it would obstruct the front door. When relatives come to visit, Mr. Lanter says jokingly, but only partly, they have to tour one at time. Each of these details amounts to something bigger, for Mr. Lanter’s life and the U.S. housing market: a house under $300,000, something increasingly hard to find. That price allowed Mr. Lanter, a 63-year-old retired nurse, to buy a new single-family home in a subdivision in Redmond, Ore., about 30 minutes outside Bend, where he is from and which is, along with its surrounding area, one of Oregon’s most expensive housing markets. Mr. Lanter’s house could easily fit on a flatbed truck, and is dwarfed by the two-story suburban homes that prevail on the blocks around him. But, in fact, there are even smaller homes in his subdivision, Cinder Butte, which was developed by a local builder called Hayden Homes. Some of his neighbors live in houses that total just 400 square feet — a 20-by-20-foot house attached to a 20-by-20-foot garage. This is not a colony of “tiny houses,” popular among minimalists and aesthetes looking to simplify their lives. For Mr. Lanter and his neighbors, it’s a chance to hold on to ownership. Advertisement SKIP ADVERTISEMENT Mr. Lanter, who is recently divorced, came back to central Oregon from a condominium in Portland only to discover that home prices had surged beyond his reach. He has owned several larger homes over the years and said he began his recent search looking for a three-bedroom house. Image Robert Lanter outside his 600-square-foot home in Redmond, Ore.Credit...Ivan McClellan for The New York Times Subscribe to The Times to read as many articles as you like. Conor Dougherty is an economics reporter and the author of “Golden Gates: Fighting for Housing in America.” His work focuses on the West Coast, real estate and wage stagnation among U.S. workers. More about Conor Dougherty A version of this article appears in print on Feb. 18, 2024, Section BU, Page 4 of the New York edition with the headline: The Shrinking of the American Home. Order Reprints | Today’s Paper | Subscribe * Share full article * * * Read in app Advertisement SKIP ADVERTISEMENT SITE INDEX SITE INFORMATION NAVIGATION * © 2024 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions KEEP READING THE TIMES BY CREATING A FREE ACCOUNT OR LOGGING IN. Continue Enjoy unlimited access to all of The Times. See subscription options