McMansion era over, at least for now.

McMansion era is fading for most Americans. Most say they want smaller homes, according to a new survey.

The McMansion era is over – or at least on hold.

The average size of new homes has been trending down since 2007. And so have Americans' views on the size of their dream home, according to released by Trulia, a real estate website.
Only 9 percent of Americans think their ideal home was McMansion-sized (more than 3,200 square feet, according to the survey of more than 2,000 adults. Another 40 percent said their ideal home would be 2,000 to 3,200 square feet; 9 percent said it would be 800 to 1,400 square feet.
"Americans are veering away from McMansions," said Pete Flint, CEO of Trulia, in a conference call with reporters Thursday. "This market correction has made people realize they didn't really need all that space.
Since the 1950s, the average size of homes has increased in every decade (even with the recessionary hiccups), said Mr. Flint. "While we're only six months into the new decade, I predict that this will be the first decade where homes are built and bought smaller and smarter. The current real estate crisis will have a lasting effect on future generations.