Monday, May 18, 2015

12 Most Popular New-Home Amenities in 2015

Master bedroom walk-in-closets and a laundry rooms are the top features that builders are most likely to include in a new home this year, according to a survey of builders conducted by the National Association of Home Builders.
"Both features speak to improving organization and storage characteristics of new homes," according to NAHB on its Eye on Housing blog.
Greater energy efficiency amenities also were ranked more important, with low-E Windows coming in No. 3 on the most likely amenity list on new homes. Energy-Star rated appliances and windows as well as a programmable thermostat also rated high.
The following were ranked as the most likely features and amenities to be included on an average single-family home in 2015:
  1. Walk-in closet in master bedroom
  2. Laundry room
  3. Low-E windows
  4. Great room (kitchen-family room-living room)
  5. Energy-Star rated windows
  6. Ceiling height on the first floor of 9 feet or more
  7. 2-car garage
  8. Programmable thermostat
  9. Granite countertop in the kitchen
  10. Central island in the kitchen
  11. Bathroom linen closet
  12. Front porch
On the other hand, the features identified in the survey as the most likely to be included in new homes this year are:
  1. Outdoor kitchen (cooking, refrigerators and sinks)
  2. Laminate countertops in the kitchen
  3. Outdoor fireplace
  4. Sunroom
  5. Two-story family room
  6. Media room
  7. Two-story foyer
  8. Walking/jogging trails in the community
  9. Whirlpool in the master bathroom
  10.  Carpeting as the flooring on the main level
Source: "What Builders Are Building," National Association of Home Builders Eye on Housing Blog (May 13, 2015)


Tuesday, May 5, 2015

Realtor.com®: 'Furious' Spring Market Plays

Single-family, condo, co-op, and townhome listing views on realtor.com® in April soared 40 percent compared to last year at this time. Jonathan Smoke, realtor.com®’s chief economist, calls it "furious" activity in the housing market this spring -- so it’s only fitting he was inspired by soundtracks from the movie "Furious 7" to go along with a rundown of his latest action-packed housing report.
"The spring whistle blew and what's getting low?" writes Smoke at realtor.com® citing DJ Snake & Dillon Francis' "Get Low" from the soundtrack. "Inventory is moving fast among furious and growing demand." The median age of listings nationwide is now 10 fewer days than in April last year.
Realtor.com® traffic, searches, and listing views are up more than 35 percent over last year.
"With 3 million jobs created and close to 1.5 million new households formed in the past 12 months, many more people want a new home of their own, and they want it bad," Smoke says, channeling Sevyn Streeter's "How Bad Do You Want It (Oh Yeah)" on the Furious 7 soundtrack. "Their patience will be tested with tight supply – indeed, the No. 1 impediment of active shoppers in April was not being able to find a home that meets their needs."
Read Smoke's full commentary, including his music picks to match the market, at realtor.com®.