The New Home in 2015

The following is an excerpt from the March 2, 2011 report by By Rose Quint, with the NAHB Economics & Housing Policy Group

The current housing downturn has affected not only the number of new homes that are built each year, but also the characteristics, features, and size of the ones that do get built. Many in the industry are wondering about how the new home will evolve over the next few years and whether those changes will stick once the economy bounces back to a more solid footing. In 2010, NAHB conducted a survey that sheds light on the likely characteristics of the average, new single-family detached home in 2015. This article summarizes the findings of that survey, which were released in December 2010 in a report titled The New Home in 2015.

Some of the most relevant findings include:

• The average, new single-family home will be smaller and have more green features
• The living room will either vanish or merge with other spaces in the home
• The “Great Room” is the likeliest room to be included in the average new home
• Low-e windows and engineered wood products are the likeliest green features
• A double sink, recessed lighting, and table space for eating are very likely in kitchens

Read the entire report at HousingEconomics.com by clicking here.