The big company builders in Portland have names that are synonymous with the real estate boom and bust: Buena Vista, Renaissance, Legend. All built McMansions during the hay day of large homes with several bedrooms, grand entrances, great rooms, and luxurious master suites. The new plan for all of them is to build smaller homes, for less money, and for less profit. This is going to be great for Portland, a city of young urbanites that stay single for longer, have roommates, and want to own their own home. The prices will stay around or under $3000, with square footage under 3000 as well. There may not be a boom for builders for many years, but they all hope to stay in business by getting back to basics.
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