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Survey Spotlights Key Home Buyer Preferences

Survey Spotlights Key Home Buyer Preferences
NAHB provides the most current and accurate information on home buyer preferences to help their members deliver the kind of homes and communities that are most desired by today's consumers. In a newly published special study NAHB economists took a close look at key findings from a recently completed, comprehensive association survey called "What Home Buyers Really Want." Below are some important highlights of what they found.
  • Just over half of all home buyers surveyed said they would like to buy a brand new home --28% directly from a builder and 27% custom built on their own land -- while 45% say an existing home is their first preference.
  • Buyers expect to pay about $203,900 for their next home.
  • Buyers want a home with a median of 2,226 square feet, which is about 17% larger than what they have now.
  • Approximately 25% of buyers say the size of the lot is not important when choosing a home.
  • Almost half (47%) want three bedrooms, while 32% want four bedrooms. Most (65%) prefer either 2 or 2.5 bathrooms.
  • Most (57%) prefer a single-story home; 31% prefer two stories.
  • A full or partial basement is something that 66% of buyers say they want.
  • About half (48%) of buyers who want a 2-story home want the master bedroom on the second floor, while 70% prefer to have the washer and dryer on the first floor.
  • Most buyers want a 2-car garage (53%), while 1 out of 5 buyers wants a 3+ car garage.
  • For 65% of buyers, the most influential characteristic when buying a home is "living space and number of rooms that meet their needs."

                      Housing News in 60 Seconds - Home Prices on the Rise and More

                      Housing Now TV has a new 60-second update on industry news, including the latest results of the S&P Case Shiller index showing substantial home-price gains in markets across the U.S. and other recent developments. Tune in to view highlights of NAHB's recent congressional testimony in which they strongly defended critical housing incentives in the U.S. tax code, and find out how to access our association's new Government Affairs Twitter feed as well. View the latest segment online at www.nahb.org/60secondupdate, and forward this link to colleagues and others who might appreciate a quick update.

                      Choose from more than 400 house plan designs that we offer in a wide range of styles and sizes.  Some of our more popular house designs include European-inspired Georgian and palladian homes, English manor house plans, Tuscan-style villas, French chateaux, and colonial house plans. Our Tuscan-style villas range from 1800 to 14,814 sf.  Our Newport classic house designs range from 1500 to 5000 sf. Archival Designs' starter castles, mansions and estate homes are designed in the grand tradition of some of the most impressive homes in the world.  Please feel free to search our house designs offered. Our plans have been built around the globe, from Canada to Dubai, and one could be just for you!


                      This week's photos are those of Archival Designs' Luxury House Plans all around 2200 square feet. From top to bottom: Pressley Place, Mapleton,  and Dalmany.

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                      • Joanne Loftus
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