2021 New Home Build Trends and Changes
2020 and 2021 brought changes that nobody was prepared for. As our homes became the epicenter of our lives 24-7, it highlighted areas of our homes that people wished to change. It even had some saving every penny to buy a new construction home, and that housing boom brought some challenges, changes, and new trends. Let’s take a look at how building a home has changed in 2021.
Buying New is More Popular Than Ever
Housing demand has increased far greater than the supply of homes on the market for the last year. The lack of options has made more buyers consider new-construction homes where they may have the opportunity to help decide fixtures, styles, and even amenities the home has to fit their lifestyle.
Prices Have Increased
Material shortages and shipping delays are still occurring, meaning that the cost to build a home is taking longer and comes with a higher price tag. The National Association of Home Builders reports that more than 90% of builders are reporting shortages of essential elements like appliances, framing lumber, and oriented strand board (OSB). They also report that the median sale price for a new home has risen 18% over the past year.
Wellness is a Must-Have
Homebuyers are looking for items in a home that will support their well-being. Everything from energy-efficient features to low-VOC paint is being considered.
Flex Those Spaces
This year has forced everyone to be more flexible, and it’s important to homebuyers that a home is flexible as well. Rooms that could be used as an office, home gym, media room, etc., are moving from a want to a need on home buyers’ shopping lists.
Suburbs > City
The idea of having more space to spread out and enjoy green areas is attractive. Many are looking to leave apartments, condos, and townhomes for a house with a little land. Outdoor spaces are another must-have for many current homebuyers, so new home builds are looking to meet that demand by creating outdoor living spaces or entertainment areas in the backyard.
Privacy Please
With everyone staying at home for longer periods of time, the need for privacy has skyrocketed, and homebuyers are moving away from the open floorplan layout for a more formal layout. The added walls help block out sound and add more privacy to the dedicated areas of your home.
New construction has run into some challenges in the last year, but there are still some beautiful new homes hitting the market. If you’re curious about the latest home trends, the changes to the real estate market, or what homes are on the market, contact the David Morris Group. We’re happy to help you begin your home search. Give us a call at (775) 828-3292.
