Tuesday
Jun182013

Improving Residential Market Leads to Larger Homes and an Increase in Property Enhancements

According to the AIA, The American Institute of Architects, the American housing market is at its strongest growth level since 2005. As the once struggling residential market continues to improve, the size of homes is also growing in both high-end and custom homes as well as in additions to existing homes. Data from the Home Design Trends Survey reveals that preferences for accessible spaces in homes – such as open-space layouts and single-floor design – is also on the rise.

Thanks to improving consumer confidence in the American housing market, business conditions at architecture firms are at their strongest growth levels since the economic downturn. These findings are from the AIA Home Design Trends Survey for only the first quarter of 2013, which focuses specifically on overall home layout and the use of interior and exterior space.

AIA Chief Economist Kermit Baker, PhD, Hon. AIA explains that the organization has seen, over the past few years, “an increased interest in seamlessly blending indoor and outdoor spaces and building in more informal spaces into homes. Because lot sizes don’t show any signs of increasing, it’s clear that homeowners want to maximize their current square footage to its highest potential, as opposed to increasing it.”

Scroll through the following graphics to help explain the situation and read Baker’s full survey here.

News via the AIA

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