Tiny homes
About This Trend
Tiny homes, which are compact living spaces typically ranging from 100 to 400 square feet, are increasingly becoming a popular housing option. By 2028, it is projected that the global market for tiny homes will reach$25 million(USD), growing at an annual rate of 3.5 percent. In 2023,Portland, Oregon, took a significant step by establishing its first large-scale tiny home community, aimed at providing expedited access to housing for about 200 residents. Additionally,San Luis Obispoin California has introduced a tiny home prototype and plans to bring 20 tiny homes into a historic part of the city.
Trend Updates
Feb. 26, 2024 — Seismic shift in everyday usage
- More people than ever are using this technology and it is now more evident that it will be part of the ongoing landscape...
Feb. 26, 2023 — Federal Regulations spike Demand
- Because of continued interest in this technology and a favorable environment for growth...
Feb. 26, 2021 — Pandemic recalibrates supply
- People are unable to create and devote time to innovating this critical technology now
Trend Category:
Housing
Timeframe: Act Now
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