Trends
Nearly Half a Million Construction Workers Hired in June
After an accelerated pace of layoffs in March and April stemming from the COVID-19 pandemic, construction sector hiring roared back in May and posted a slower but solid pace in June, according to the latest data from the BLS Job Openings and Labor Turnover Survey (JOLTS).
Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets
The COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation – residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas. Multifamily development is also proceeding at a brisk pace in areas where education and health services dominate. These are among the findings of the latest quarterly NAHB Home Building Geography Index (HBGI).
Explore Research Data on Popular New Home Features
NAHB’s webinar It’s 2020—and THIS is What Buyers Want, scheduled on May 27, will explore the design and structural features of today’s new homes and highlight how consumer preferences have changed home design over the last two decades.
Top Features First-Time Home Buyers Want
If first-time buyers had to choose (for the same amount of money) between a smaller house with high quality products/amenities and a bigger house with fewer amenities, 62% would opt for the former. In other words, after about 2,000 square feet of space, most first-time buyers will derive more value from quality amenities than from size.
Most Likely – And Unlikely – Features in a New Single-Family Home
Nationwide survey reveals the most likely — and unlikely — features builders will include in the typical home they will build in 2020.
Are Rising Construction Costs Killing the American Basement?
The basement is losing favor among home builders and buyers. But why?
What Home Buyers Want in 2019
Laundry rooms and energy-saving features such as Energy Star appliances, windows and whole house certification are among the most wanted home features, according to survey results from NAHB released today during a press conference at the International Builders’ Show.
Active Buyers Taking Their Time to Search for the Right Home
Active home buyers are taking their time to search for their dream home, according to the latest analysis from the Housing Trends Report, a research product created by the NAHB Economics team with the goal of measuring prospective home buyers’ perceptions about the availability and affordability of home for-sale in their markets.
Entry-Level Homes Push Down New Home Size
The size of new single-family homes once again decreased during the third quarter of 2018. New home size has been falling over the last three years as builders add more entry-level home construction into inventory.
Builders Respond to Growing Interest in Green Homes
During National Homeownership Month in June, we’re focusing on the critical role that the home plays in our lives and how NAHB members are finding innovative ways to build the American Dream.
