Tag: housing trends
Higher Prices, Lower Availability Affecting Home Purchasing Decisions
The share of adults planning a home purchase within 12 months has fallen for two consecutive quarters — dropping from 17% in the second quarter of 2021 to 16% and 15% in the third and fourth quarter, respectively — according to data from NAHB’s Housing Trends Report.
25% of New Single-Family Homes are Infills or Teardowns
According to the latest Annual Builder Practices Survey (ABPS), one in four new single-family detached homes were built in established neighborhoods in 2020. Homes built on infill lots constituted 18.6% of new homes, while homes built after tearing down an existing building constituted 6.4% of new homes.
Single-Family Home Size Continues to Trend Higher
COVID-19 has impacted the way many residents use their homes, with an increased desire for space to accommodate added functions such as working from and/or studying at home. Recent housing data confirm the continuation of this trend.
Which Heating and Cooling Systems are Most Common for New Homes?
See which heating and cooling systems are most prevalent geographically, based on information from the Census Bureau’s Survey of Construction (SOC).
Slab Foundations Continue to Overtake Basements in New Homes
NAHB analysis of the latest Survey of Construction (SOC) shows the gap between slab and full/partial basement foundation adoption rates is growing: The share of new homes built on slabs steadily increased from 46% in 2000 to 65% in 2020, while the share of new homes with basements dropped from 36.8% to 22%.
What Are the Most Common Exterior Materials for New Homes?
Stucco was the most common principal exterior material on new single-family homes started in 2020 (28%), followed by vinyl siding (26%), according to the data from the Census Bureau’s Survey of Construction (SOC).
Buyers’ Outlook on Housing Availability and Affordability Declines
The increased activity in the housing market in the wake of COVID-19, combined with rising housing prices, has hampered prospective buyers’ outlook on the housing market and their ability to buy a home.
4 Ways to Incorporate Water Efficiency into a Home
According to the latest edition of NAHB’s What Homes Buyers Really Want, water-conserving fixtures such as toilets, showerheads and faucets are among the 20 top green features desired by home owners. Incorporating these into homes along with other water-focused strategies can provide multiple benefits for builders and consumers alike.
Gas vs. Electricity: Which Energy Source Do Consumers Prefer?
Consumers have several factors to consider when building a high-performance home, including which type of energy source, or fuel type, they want to select.
How One California Community Maximizes Outdoor Living
Outdoor living and a connection to the outdoors have been highly desirable to home owners in recent years — an interest that has been heightened by the COVID-19 pandemic. A great example is Novel Park at Great Park Neighborhoods in Orange County, Calif., winner of the 2020 Multifamily Pillars of the Industry Awards for Best Condominium Community.
