Have read through hundreds of surveys and interviews with the nation’s builders, architects and real estate experts and here are the trends creating the most buzz:
- Half of buyers are looking for single-family homes in denser, closer-in, walkable communities. Buyers are willing to sacrifice home size to cut down on commute time.
2. Townhouses are HOT with both Millennials and Boomers
- They now comprise 12% of all new home construction, up 18% percent over 2014 according to the National Association of Home Builders.
- A third of properties sell within 30 days.
- Starter homes are moving the fastest and seeing the biggest uptick in prices.
- 62% of agents faced bidding wars in March 2016, according to Redfin.
- Wine storage architecture, or “vinotecture,” reflects the needs of today’s modern wine collectors (from ICFF, the largest and most prestigious design event for interiors).
5. Canine Amenities
- Pet owners are face-timing their dogs via PetChatz, a phone app with a wall-mounted device that also lets them dispense treats.
- More than one-third of homeowners have done pet-related remodeling including upgraded flooring and reconfigured room layouts.
- Per the National Kitchen and Bath Association’s 2016 Trends Survey, half of its members included pet-friendly features in kitchens in 2015, and 35% expect to do more of them this year — from hidden dog food and water bowls to marble-lined dog crates and custom dog-gate pocket doors.
- Toll Brothers is including pet suites, washing stations and feeding zones in new construction.
Read on below for additional trends.
6. Millennials want flexible layouts for rental income
- 35% plan to rent out part of their home to help with mortgage payments e.g. they’re looking for second master suites with kitchens.
7. Aging in place (10,000 Boomers retire every day!)
- More homeowners are remodeling their existing homes.
- Top remodeling projects for long-term livability include the addition of walk-in showers, comfort-height toilets, and automated lighting systems.
8. Increased outdoor living space
- Half of outdoor renovators spend 6+ hours a week in their yards.
- 52% hire landscape contractors, architects and/or designers for major projects.
- They’re installing hearths and stone ovens to cook pizzas, bread and other baked goods.
- The finishing touch: herb gardens for quick access to the fresh flavors of the season.
View the full 2016 U.S. Houzz Landscaping study here.
9. Water Innovation
- With unsafe water conditions in parts of the country, more people are adding sophisticated water treatment systems to their home.
- Drought conditions have called for more efficiency too.
- Smart water heaters continue to rise in popularity.