How has the typical American home evolved over the last fifty years? Robert Dietz, the chief economist at the National Association of Home Builders recently spoke with Real Estate Today Radio about home design trends that have come and gone, and those that will be here to stay.
While buyers both then and now prefer single-family homes in the suburbs, buyers in 2016 expect new homes to be adaptable, open, and efficient.
When it comes to future design preferences, Dietz predicts that buyers will place a high-importance on choosing a new home that has efficient design and energy efficient features. “Energy efficiency is the key item with new construction over existing-homes is the home itself uses energy more efficiently, costs less to maintain and operate.”
Dietz also believes that location will play a larger part in where buyers choose to build, and single-family home sales will soon take over multi-family. “We may see a rise in townhomes and locations near urban villages with walkability features, but overall the same preferences that have been in the market for generations will remain. Most people want to own their own home and want their own place out in the suburbs, and I think that will continue.”
Let’s take a look at the main design differences between homes then and now.
New-home design characteristics in 1966:
New-home design characteristics in 2016:
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