A new administration, rising interest rates, shifting demographics—it seems as if 2017 has just begun, yet we’re already seeing a change in the homebuilding landscape. Here are some trends we see for the coming year.
Point of View
In 2015, the day after Christmas, several tornados shook the suburban Dallas, Texas, towns of Garland and Rowlett. I volunteered for an urban search and rescue operation in the city of Garland; the severity of the event only sunk in when I was called to report for duty.
This month’s issue includes stories about three unfilled market niches that are significant opportunities for builders: culturally aware housing, live-work housing, and Missing Middle Housing. They're an example of old ideas, made new.
If you’ve been in the housing industry for even a short while, you’ve probably heard of John Burns. A prodigious speaker, regularly appearing on national TV and in other media, Burns attends more than a dozen industry events each year, presenting housing market updates, forecasts, and trends.
What does the future of digital look like for home builders?
Apologies to Paul Simon, but when I looked at the long list of design ideas I compiled while at the International Builders’ Show in Orlando, I thought I’d try to mention 50 of them—a nice round number. Here they are--some of the many trends I spotted on and off the floor.
There were more than 1,000 entries this year for the NAHB National Sales & Marketing Awards, and a sampling of the winning entries begins here.
Enticing buyers is a challenge, but builders have a unique opportunity to attract house hunters who expect up-to-date aesthetics. By incorporating trending designs into your next project, you can drastically improve market popularity and yield higher returns.
At the end of 2016, Chicagoland home sales dropped sharply. In October there were 8,762 closed home sales, a 6.3 percent decrease from October of 2015 and lowest October sales in the last five years.