> Are houses increasing cost due to increase in features? Yes. The limited resource is land, so to maximize profit, developers either have to pack in more unit

> Are houses increasing cost due to increase in features? Yes. The limited resource is land, so to maximize profit, developers either have to pack in more units (a strategy often restricted by zoning), or pack as much house onto the same property as possible. The size of stand-alone houses has been steadily growing. It's up by more than 2.5 times since the 50s. [1] And then there are the modern features which used to be considered high-end but are becoming standard. Check the growth in the size of refrigerators, for example, or the number of homes that have multiple fridges/freezers. [1] https://www.darrinqualman.com/house-size/ https://www.darrinqualman.com/house-size/