Housing Trends

Lot Values Hit Record Highs

Filed in Economics, Home Building, Housing Trends, Land Development by on November 12, 2019 0 Comments
Lot Values Hit Record Highs

Median single-family lot prices in 2018 outpaced inflation (4.4% vs 2.4%) and reached a new record high, with half of the lots selling at or above $49,500, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data.

Continue Reading »

Top Bathroom Features Among Millennial Home Buyers

Filed in Economics, Housing Trends by on November 8, 2019 5 Comments
Top Bathroom Features Among Millennial Home Buyers

A recent report published by NAHB reveals the top bathroom features wanted by millennials. The study also reveals a wide disparity between millennials and seniors regarding certain bathroom amenities.

Continue Reading »

Advanced Lighting Technology That Goes Next Level

Filed in Housing Trends, Technology by on October 30, 2019 0 Comments
Advanced Lighting Technology That Goes Next Level

Residential lighting is rapidly evolving, not only in its architectural applications, but also for its biological benefits of potentially enhancing one’s sleep, mood and productivity.

Continue Reading »

Builders are Stuck on Stucco in the West, In Tune with Vinyl in the Northeast

Filed in Economics, Housing Trends by on October 25, 2019 0 Comments
Builders are Stuck on Stucco in the West, In Tune with Vinyl in the Northeast

The most common exterior wall materials on homes started in 2018 were vinyl siding and stucco, according to data from the Census Bureau’s Survey of Construction (SOC). Vinyl siding and stucco were each used on 26% of new homes started in 2018, followed closely by brick or brick veneer at 21% and fiber cement siding (such as Hardiplank or Hardiboard) at 20%.

Continue Reading »

Harvard Report Cites Growing Housing Inequality Among Older Adults

Filed in 55+ Housing, Affordability, Economics, Housing Trends by on October 16, 2019 2 Comments
Harvard Report Cites Growing Housing Inequality Among Older Adults

Harvard report highlights growing affordability challenges facing the nation with respect to housing its increasing older adult population.

Continue Reading »

Highest Paid Construction Trade Occupations in 2018

Filed in Economics, Housing Trends by on October 14, 2019 5 Comments
Highest Paid Construction Trade Occupations in 2018

Half of payroll workers in construction earned more than $47,290 in 2018. In comparison, the U.S. median wage last year was $38,640.

Continue Reading »

Younger Generations Seek Larger Homes

Filed in Economics, Housing Trends by on October 9, 2019 0 Comments
Younger Generations Seek Larger Homes

The median square footage millennials (those born in 1980 or after) want in a home is 2,407 square feet, slightly higher than the Gen X generation (2,280 sq. ft.), and significantly more than baby boomers (1,913 sq. ft.) and seniors (1,869 sq. ft.).

Continue Reading »

How Millennial Layout Preferences Differ From Other Generations

Filed in Housing Trends by on October 1, 2019 0 Comments
How Millennial Layout Preferences Differ From Other Generations

Millennials are more inclined to want features such as two-story homes, open layouts, and a greater number of bedrooms and bathrooms than other generations, according to data from NAHB’s “What Home Buyers Really Want” report.

Continue Reading »

Fireplaces are Not a Hot Household Item

Filed in Economics, Housing Trends by on September 26, 2019 3 Comments
Fireplaces are Not a Hot Household Item

Spurred in part by affordability concerns, more consumers are turning a cold shoulder to fireplaces in their homes, according to NAHB tabulation of recently released data from the Survey of Construction, which is produced by the U.S. Census Bureau with partial funding from HUD.

Continue Reading »

Big Gap Between Home Prices and Buyers’ Expectations

Filed in Affordability, Economics, Homeownership, Housing Trends by on September 13, 2019 0 Comments
Big Gap Between Home Prices and Buyers’ Expectations

New data released by the U.S. Census Bureau and the Department of Housing and Urban Development, combined with recent NAHB survey data, show a mismatch between the actual prices of new homes and the prices buyers expect to pay.

Continue Reading »