Home design preferences are evolving
Preferred home designs have changed significantly over the past 50 years, and they continue to change today.
These changes — past and future — were the key subject of a recent report by Robert Dietz, the chief economist at the National Association of Home Builders, as reported by the National Association of Realtors:
Dietz compared changes from many years ago with trends surfacing in the current market. “While buyers both then and now prefer single-family homes in the suburbs, buyers in 2016 expect new homes to be adaptable, open, and efficient.
“When it comes to future design preferences, Dietz predicts that buyers will place a high-importance on choosing a new home that has efficient design and energy efficient features.”
As always, location is a top priority for today’s buyers. “Dietz believes that location will play a larger part in where buyers choose to build, and single-family home sales will soon take over multi-family.
“We may see a rise in townhomes and locations near urban villages with walkability features, but overall the same preferences that have been in the market for generations will remain. Most people want to own their own home and want their own place out in the suburbs, and I think that will continue.”
He then pointed to new-home design characteristics in 2016:
“The average size of the home keeps growing, mainly because builders are catering to a higherincome, older demographic. About 60 percent of new homes have at least two stories. The need for multiple levels is due to millennials wanting more space for their growing families, and also because of the increase in multi-generational households.
“Open-floor design is the new norm across all generations of buyers. New home construction emphasizes energy efficiency and efficient design.”
Indeed, home design preferences continue to evolve.