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).
COVID-19 has impacted the way many home owners utilize their space. With more time spent at home, there is an increased preference among home owners to have more space to accommodate a range of activities from teleworking to managing hybrid … Continued
Congratulations, you’ve decided to buy a home this year. Homeownership has many rewards including building up equity and having a place to call your own. Whether you’re a first-time buyer or a trade-up buyer, the sooner you start preparing, the … Continued