What do today’s buyers want in a home?

NEW YORK – Aug. 5, 2015 – What building materials are trending in new-home construction? The latest Annual Builder Practices Survey, conducted by Home Innovation, reveals what buyers can expect to see in the new-home market.

1. Garages: The garage door is getting more enhancements, including windows, insulated doors, and doors made of composite or plastic materials. In 2014, 32 percent of all new single-family homes had bays for three or more cars – the most ever recorded in this study’s history.

2. Flooring: Carpeting continues to be the most popular flooring option for new construction, included in about 83 percent of all new-home bedroom installations. However, only about 40 percent of living rooms now have carpet. Hardwood flooring – both solid and engineered– is the second most popular type of flooring included in 27 percent of all new-home installations. Ceramic tile (which appears in 72 percent of all bathroom floor installation) follows in third place, making up 20 percent of all new-home floor installations.

3. Countertops: For kitchen countertops, granite continues to reign in two out of three homes (64 percent of new-home installations). Quartz/engineered stone is gaining popularity while laminate, solid surfacing and ceramic tile are losing appeal.

4. Appliances: Cooktops and wall oven combinations are gaining in popularity and make up about 24 percent of the market, compared to freestanding ovens (45 percent). Freezer-on-bottom refrigerators are gaining in popularity at 19 percent, while side-by-side has fallen to 28 percent of the share.

5. Kitchen sinks: More buyers are paying attention to their kitchen sink, with the single basin kitchen sink making a comeback, growing from 5 percent to 20 percent of all new single-family homes in the past decade. Also growing in popularity are granite/stone kitchen sinks (at 8 percent). One-piece cultured marble lavatories are continuing to decline in demand.

Source: “Material World: The Hottest Trends From the 2015 Builder Practices Survey,” BUILDER Online (July 29, 2015)

© Copyright 2015 INFORMATION, INC. Bethesda, MD (301) 215-4688

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Miami condos prices rise 28.4 percent

September 20, 2012 09:45AM

 

The median sales price of Miami-Dade County condominiums rose 28.4 percent in August compared to the same period in 2011, according to a report from the Miami Association of Realtors. That was accompanied by a 10.8 percent increase in the median sales price of single-family homes. The median sales price for condos now stands at $146,500, and $195,000 for single-family homes. Home prices have risen for nine consecutive months in Miami. “Despite the shortage of housing inventory, Miami home sales remain strong and continue to drive significant price appreciation,” said Martha Pomares, 2012 chairman of the board of the Miami Association of Realtors. “There is evident demand for Miami properties, particularly from foreign buyers and investors who recognize Miami’s desirability and profitability.” — Alexander Britell

Broward County single-family home prices see 12.5 percent rise

September 19, 2012 11:15AM

 

The median sales price of a single-family home in Broward County rose 12.5 percent in August compared to the same period in 2011, according to a report from Greater Fort Lauderdale Realtors. The median price rose to $214,950 from $191,000 in August 2011, although the number dropped by $50 compared to July 2012. Broward’s townhome and condominium market saw a 7.6 percent year-over-year increase in August. Single-family inventory in the county fell by 51 percent in August, with a 44.1 percent drop for condos and townhomes. — Alexander Britell