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Elizabeth City NC Real Estate Blog

 Northeastern North Carolina Real Estate Blog 
Monday, 17 May 2010

New construction statistics and consumer reports on expected home trends.

1. The average home size is smaller.  The average home size shrunk last year for the 1st time in over twenty years.

2. The one level home is back by popular demand. The two story and multi level construction has decreased and the one level homes are back over the 50% mark. The one level home is back by popular demand. The two story and multi level construction has decreased and the one level homes are back over the 50% mark.

3. Energy efficient features are high on the priority list. Not only are new home builders saying consumers are backing off a bit on size and placing shorter orders, but they are also expecting consumers to demand energy efficiencies like appliances, insulated doors and low E windows, modern HVAC systems and programmable thermostats, radiant barriers and water conserving toilets.

4. Storage spaces like master bedroom walk in closets, linen closets and a dedicated laundry room are all more of a minimum at all price points today than they are an extra or after market addition. And even in the less than luxury markets, 3 car garages are in demand. When it comes to storage, it appears that cost will not take a cut.

5. Open concept with taller ceilings will remain popular by builders to cut down on the amount of walls and divisions in the smaller homes they intend to build. An open concept with a smaller home makes it feel larger than it is. As well, taller ceilings help. Home builders are reporting they do not mean the taller, two story foyers and formals. Those plans are scrapped more often today. What they mean is simply 9 and 10 foot ceilings vs. 8 foot ceilings.

 

POSTED BY: Phyllis Bosomworth AT 09:28 am   |  Permalink   |  0 Comments  |  E-mail this
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Phyllis Bosomworth
Erin Nixon
Long and Foster Real Estate, Inc.

1100 W. Ehringhaus Street
Elizabeth City, North Carolina 27909
Phone: (252) 338-5435
Email: Phyllis@PhyllisAndCompany.com


Long & Foster


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