Residential

What We’re Excited for in 2019: General Home Trends

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The home build­ing mar­ket con­tin­ues to shift with chang­ing demo­graph­ics and eco­nom­ic fac­tors. It’s impor­tant to know who is plan­ning to buy a new home this year, and what they’re going to be look­ing for in 2019. Here are five trends we’re excit­ed about in the next twelve months:

  1. Shift to small­er homes
  2. Design­ing for low­er main­te­nance
  3. Health and com­fort of homes
  4. Safe­ty and pro­tec­tion of homes
  5. Afford­abil­i­ty of hous­ing

Shift to Smaller Homes

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With mil­len­ni­als pri­or­i­tiz­ing small­er homes with strate­gic designs over sprawl­ing showhomes and baby boomers down­siz­ing, the demand for small­er homes is increas­ing. In fact, the demand for large homes has notice­ably slumped, since those baby boomers can’t offload their fam­i­ly homes onto their adult mil­len­ni­al chil­dren.

Whether it’s moti­vat­ed by hav­ing few­er chil­dren or a desire for sim­plic­i­ty, the demand for small­er homes is con­tin­u­ing to grow, and the sup­ply isn’t meet­ing that demand. This is a great oppor­tu­ni­ty for home­builders and devel­op­ers to jump on this trend.

Designing for Lower Maintenance

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With mil­len­ni­als and baby boomers shap­ing the hous­ing mar­ket in many ways, one of the most notable trends is a demand for low main­te­nance homes. With mort­gage rates expect­ed to con­tin­ue ris­ing in 2019, mil­len­ni­als aren’t bud­get­ing for addi­tion­al upkeep expens­es in their new homes.

And while boomers con­tin­ue to be an active gen­er­a­tion, they are aging and reg­u­lar main­te­nance, both indoors and out, may not be as enjoy­able as it once was. Boomers want the abil­i­ty to age in place, mean­ing they can stay in the same home as they get old­er. How­ev­er, this means they need a home that they can main­tain even in their lat­er years. Builders should keep this grow­ing trend in mind as they plan their 2019 home designs.

Health and Comfort of Homes

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Health and com­fort are broad terms. The ben­e­fit to home­builders is that it’s easy to iden­ti­fy spe­cif­ic healthy home’ ele­ments of a new build and pro­mote them as sell­ing fea­tures. When look­ing for ways to incor­po­rate health and com­fort into new home designs, con­sid­er the fol­low­ing:

  • Mate­ri­als that don’t degrade air qual­i­ty
  • Sound insu­la­tion from both indoor and out­door noise
  • Gen­er­ous access to day­light, sup­ple­ment­ed with elec­tric light­ing as need­ed
  • Ener­gy-effi­cient appli­ances, mechan­i­cal sys­tems, and insu­la­tion sys­tems to off­set high ener­gy costs
  • Prop­er­ly engi­neered heat­ing, cool­ing and dehu­mid­i­fi­ca­tion sys­tems

If you’re design­ing specif­i­cal­ly with the mil­len­ni­al home buy­er in mind, remem­ber that they are will­ing to pay more for spe­cial­ty fea­tures that add a unique touch to their new home. These could include a play­room for chil­dren, work out room, home the­ater or even a wine cel­lar.

Safety and Protection of Homes

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Home­own­ers of all ages are fac­ing an increased risk of nat­ur­al dis­as­ters and extreme weath­er. From record-set­ting hur­ri­canes and for­est fires to record rain­fall and earth­quakes, 2018 was a year that put home design to the test.

Builders and archi­tects can stand out in 2019 by intro­duc­ing dis­as­ter-resis­tant designs and mate­ri­als. These prod­ucts are devel­oped with the worst-case sce­nario in mind, while still main­tain­ing a home’s aes­thet­ic appeal.

Affordability of Housing

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It’s expect­ed that mort­gage rates will con­tin­ue to rise in 2019. This, in turn, will push the mar­ket towards the buy­er, since increased costs will dri­ve down demand in the mar­ket for exist­ing homes.

Among new res­i­den­tial con­struc­tion, devel­op­ers are still faced with more advanced build­ing codes as well as increased costs of mate­ri­als and labor short­ages in the indus­try. To make sure hous­ing stays afford­able and attrac­tive in a more dis­cern­ing buyer’s mar­ket, builders need to be cost and time-con­scious and con­sid­er alter­na­tives to tra­di­tion­al build­ing sys­tems that can more cost-effec­tive­ly meet the demands of buy­ers today.

Mate­ri­als like insu­lat­ed con­crete forms and the Bau­tex Wall Sys­tem are a great way to meet the need for ener­gy effi­cient, com­fort­able, safe and healthy homes while keep­ing costs under con­trol. Not only are these sys­tems an afford­able choice dur­ing con­struc­tion, but they are also sig­nif­i­cant­ly high­er per­form­ing and longer last­ing than con­ven­tion­al homes, which will help home­own­ers reduce the cost of own­ing and main­tain­ing their home into the future.

For more infor­ma­tion on trends in home­build­ing, please vis­it the Bau­tex Sys­tems blog or Face­book page.