New research shows the percentage of homes with 4+ bedrooms rose slightly to 48% in 2022, up from 43% in 2019, due in part to the flexibility bedrooms can provide homeowners. The findings are based on an analysis by the National Association of Home Builders (NAHB) of U.S. Census Bureau data that track the characteristics of new single-family homes.
Builders are responding to home buyers who want their new homes to provide plenty of space and support their day-to-day activities and overall well-being. New homes have flexible spaces that are inviting for individuals and families, especially following the height of the pandemic. New home buyers can choose the finishes, fixtures, flooring, paint colors, and more that suit their preferences and are often more durable without the hassle or cost of changing the previous owner’s tastes.
According to a recent survey by the National Association of Home Builders (NAHB), home features that resonate with first-time and repeat buyers include laundry rooms, patios and walk-in pantries. In addition, builders saw a large jump in demand for exterior amenities, such as patios, decks and porches, in 2022, along with increased demand for home offices — which appeared on the list of buyers’ most-wanted features for the first time this year.
New homes benefit not only the homeowner but also the community. The estimated one-year impacts of building 100 single-family homes in a typical local area include: $28.7 million in local income, $3.6 million in taxes and other revenue for local governments, and 394 local jobs.
As we get into the hectic building season, remember how important you are to the consumer and the community. Not only do you make dreams come true, but your work supports the entire community. Thank you for what you do.
Kayla Pulvermacher