Posted by: SteveMcAuliffe | February 11, 2013

Consumer Housing Preferences Have Changed Dramatically

As the economy continues to recover, one thing is certain: The “old normal” will not return, because consumer preferences are changing.

In the Urban Land Institute’s “Residential Futures” report, industry professionals discussed trends in the home building marketplace, touching on up-and-coming design concepts as well as trends that are no longer in vogue. Here’s a sampling:
WHAT’S IN
Walkability
Access to mass transit
Energy efficiency
Proximity to health care
A sense of community
30-minute-or-less commutes
Multigenerational housing
Lower operating costs
Suburban infill developments
Well-designed smaller floor plans
Spaces that can be transformed for different kinds of use throughout the day
Manufactured housing
Affordable, sustainable touches
Amenities that provide value, save time, or make life easier
WHAT’S OUT
Long commutes
Outer-ring suburbs
Golf-course communities
Vague “greenwash fluff” marketing language
Wasteful floor plans and square footage
Home designs from the early 2000s
High maintenance costs
Read further how consumer-housing preferences have changed dramatically since the recession.
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Responses

  1. Hi, Steve.

    Always good to read your posts! What is the “What’s in” list based on? Your intuition in closely watching the market and speaking with peers? Or is there some data that you can reference? It seems my community here in Palmetto Florida is well poised to take advantage.

    Thanks again, and best regards, Dom

    • Thanks Dom, I appreciate your kind words. This was based on the results of a panel discussion at the Urban Land Institute’s Spring meeting in May, 2012. The full report is linked on my blog.


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