TBR • April 2010
Continued from page 1Continued on page 4
Home Trends 2010...
Source: January 2010 National Association of Home Builders survey of builders
FEWER, SMALLER, LESS ExPENSIvE
To understand today’s housing trends,it’s helpul to rst review some recentacts about the residential constructionindustry. Housing starts began declining
in 2006 and have yet to show any
signicant rebound.Among the new homes that have beenbuilt, at least through the rst hal o
2009, the U.S. Census Bureau conrms
that no matter how you look at the data,new homes are denitely smaller:
Averae size o sinle-ail hoes:
at in 2008 and down in 2009.
Hoes with at least three bedroos:
down in 2009, for the rst timesince 1992.
Hoes with or or ore bedroos:
falling since 2007.
Hoes with two or ore stories:
peaked in 2006, then began
downward trend.The average price o new homes also
declined from $293,000 in 2008 to$267,000 over the rst 11 months of2009. While the percentage of newsingle-family homes in the $200,000-$299,999 price range held steady from2008 to 2009, the market share for allhigher priced homes fell in 2009.
IMPLICATIONS FOR HOME DESIGN
Even though today’s homes are smaller,builders, architects and designers insistthat they don’t necessarily have toeel smaller. Indeed, some consumersactually preer a smaller home,complaining that some houses had grownto excessive proportions.Susan Slotkis, a New York City-basedinterior designer and educator says shehas witnessed a backlash against theMcMansion craze. “Just as driving aHummer carries a negative connotationin some circles, living in a space-wasting,energy-guzzling home is not desirable,”explains Slotkis. “Homeowners are stillinterested in the ‘wow’ actor, but thereare other ways to achieve it.”
WALK-IN CLOSETin aster bedroo
that bilders will incldein 2010:
INSuLATED ront door
ENERgy EICIENTaliances and lihtin
SEpARATE SHOWER & TuB
in aster bedroo
9-OOT CEILINgSor hiher on 1st foor