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.
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).
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.