The Shifting Desires of Home Buyers

the-shifting-desires-of-buyers

The US Census Bureau recently released its 2011 data on the characteristics of new, single-family homes. Some interesting details from the study include:

The percentage of homes built without a garage or carport is the highest it’s been since the mid-1990s.

  • 2 out of 3 new homes built in 2011 had a porch, a trend that has been on a steady rise for almost 10 years whereas, the addition of decks has decreased.

New homes without a garage or carport:

  • 1994        13%
  • 2005         8%
  • 2011        13%

New homes with porches:

  • 1992     42%
  • 2011     65%

What does this Mean?

Some analysts believe it hints at a shift in the way Americans want to live; in smaller houses and dense neighborhoods that promote walking and social interaction.

 

Source: U.S. Census Bureau

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