High-end custom and speculative home building is still strong in certain parts of the United States, particularly those with a reputation for exclusivity. But other areas are experiencing a backlash against McMansions—high-end and production alike—that have flooded their markets.
In one Orange County, Calif., enclave, a new five-level, 10,000-square-foot beachfront mansion is expected to fetch between $35 million and $50 million when completed. Other new high-end properties in the O.C. claim even higher price tags. Read the Orange County Registerarticle.
Meanwhile, in many regions McMansions are falling out of fashion. Homeowners are passing up cookie-cutter luxury homes in the suburbs for neighborhoods with architectural character. The Christian Science Monitorreports.
In some markets, such as San Antonio and Dallas, too many builders chased a small pool of luxury home buyers and are now flooded with high-end homes, the San Antonio Express-Newsreports.
