The International Builders Show was held last week and it was so interesting to see how the economy is affecting building trends and what consumers are asking for in new homes. Many are crediting the Baby Boomers for trends such as “green” architecture, building locations with health services and recreational areas nearby and with smaller homes. Yes, smaller homes. The average square footage in homes built in 2009 was 2,480 as compared to 2,520 in 2008. This is the first downward shift in square footage since 1982.
Another interesting trend is the demand for a Master Suite on the first floor. This is obviously important to Boomers. However, many are demanding a second Master Suite on the second floor. These spaces may be converted to offices or additional bedrooms but they are very appealing to Boomers who may have aging parents for which to care.
Formerly formal spaces built to impress such as Living Rooms, Dining Rooms and Foyers are being eliminated and compressed into open communal living spaces. Kitchens usually open to these new areas and are filled with energy-efficient appliances. Designers recommend that if you have extra design dollars to spend that it be here in the Kitchen. Consumers want sizable Kitchens with center islands and granite countertops.
Finally, basic green features are becoming more and more important to consumers. They are looking for high efficiency insulation and high performance windows. tankless water heaters and high efficiency heating and cooling are in high demand. Although consumers still prefer brick and stone exteriors, many are considering low maintenance fibre cement siding.
I’ll report on more trends in my next blog. It is always exciting to see how consumer demands can have a positive affect on the building industry. If you would like to discuss these trends or find out more detail please contact me at Marie.Otis@cbshome.com or just pick up the phone and give me a call at 402-964-4251.