We have been major proponents of the small homes trend, and probably the only research firm to make a market in this emerging sector. Earlier this month, a tiny house kit, sold on Amazon of course, was discovered on social media and instantly went viral. The Allwood Solvalla 172-square-foot studio cabin, or garden house, kit retails for $7,250, building materials included. Common items, such as electricity or a bathroom, are extra. These tiny home kits are shipped in a big crate and delivery takes three to five weeks. Expect this trend to accelerate in the near future. Meanwhile, the median square footage of a new, single-family home reached 2,355 in 2018. To see a gallery of both kit homes and a few outstanding upgrade examples, click this post’s title.
On June 8, International Monetary Fund Managing Director Christine Lagarde warned that the growing presence of tech players leveraging big data and artificial intelligence technology could significantly disrupt the world’s financial system.