Compared to 2015 totals, townhouse construction increased 12%, and custom single-family homes grew 8% in 2016 to a post-recession high. Much of this is due to an easing of credit standards and the return of more first-time home buyers. But in 2017, many of the same challenges will persist.
Results from NAHB surveys of home buyers and home builders show that buyers have a strong preference for open floorplans, and that most builders are doing their best to create those open spaces for their clients. There are, however, some differences between what buyers are seeking and what builders are delivering.
Editors from Consumer Reports attending this month’s International Builders’ Show reported several home improvement trends for the year ahead based on what they saw in Orlando.
There were 127 single-family, multifamily, remodeling and community projects honored at the 2016 Best in American Living Awards(BALA) ceremony Wednesday night at the NAHB International Builders’ Show in Orlando, Fla. That means there were 127 examples of the top design trends that home buyers will expect to see over the next several years in your building and remodeling projects.
The average size of newly built homes decreased in 2016 – a sign that the home building industry is preparing for the coming wave of first-time buyers as Millennials begin to dip their toes into the market, according to research and survey results released today by NAHB.
NAHB representatives have just returned from Ecuador, where they share the association’s housing agenda and learned more about housing issues around the globe at Habitat III, the United Nations Conference on Housing and Sustainable Urban Development. The meeting, which drew thousands of people from around the world, took place Oct. 17-20 in Quito. Held every […]
The share of new single-family homes with three or four full bathrooms has increased in the last several years, according to the latest Survey of Construction data from the U.S. Census Bureau. As NAHB economist Carmel Ford reports in a recent Eye on Housing blog post, this trend may reflect the move by builders to focus on higher-end, larger […]
Wind power and solar photovoltaic (PV) panels accounted for more than two-thirds of the new electricity generating capacity installed in the U.S. last year. Cost is a big factor: the average residential PV installation costs have dropped 54% since 2008, while wind power costs have dropped 41%.