The first step for new home buyers is deciding if they want a new or existing home. Choosing a structure that best fits your needs is essential because a home is one of the most significant investments you’ll likely make in your lifetime.
Check out some of the newest trends in home design that buyers nationally will see in the coming months and years, based on submissions from this year’s BALA winners.
America’s home builders closely follow the preferences of today’s home buyers to ensure they enjoy their new homes. For example, builders responded at the height of the pandemic by adding square footage in new homes since people were spending more time at home. Now the trend is shifting, partly due to housing affordability factors. Here are a few notable trends in the residential construction industry based on recent U.S. Census Bureau data analyzed by the National Association of Home Builders (NAHB).
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Parade of Homes winners from the 2022 Awards Gala
According to research from the National Association of Home Builders nearly half of home buyers are willing to invest $5,000 or more to save $1,000 annually on their utility bills, and 35% are willing to spend upwards of $10,000.
In May 2022, 88% of homes sold were on the market for less than a month. For many Americans, owning their own home is worth the time and investment.
As a first-time home owner, you now have a place to call your own. Routine home maintenance will help you enjoy your new home for years to come.
As a first-time home owner, you now have a place to call your own. Routine home maintenance will help you enjoy your new home for years to come.
The evolution of technology has opened a range of possibilities for a connected home. Now more than ever, remote-controlled, voice-controlled devices and wireless appliances are found in homes. The National Association of Home Builders (NAHB) recently surveyed prospective and recent home buyers, and found that the most desired technology features in the home are related to comfort and security.