Minneapolis, Minnesota (PRWEB) October 08, 2013
Trends in new construction reveal how home builders allocate home spaces in typically residential single-family homes, according to the National Association of Home Builder's(NAHB). The go-to-place for data on characteristics of new homes, the Census Bureau’s Survey of Construction (SOC), provides one level of insights. NAHB’s Special Study for August on SOC data goes deeper at determining how a home's space is allocated in current new construction trends: the median size of a home built in 2012 was 2,315 square feet with an average of 2.56 bathrooms and 3.38 bedrooms.
"Every family has unique needs and deserves to tailor their home around their daily life. However, when it comes time to sell a home, Twin Cities home sellers benefit from being aware of what the average home buyer is looking in their next home," states Jenna Thuening, owner of Home Destination.
NAHB's survey lets us know large the specific rooms tend to be, or how much of the square footage is typically dedicated to spaces like bedrooms, baths, a living room, etc. in new home construction. The survey on spaces in new homes took the form of special questions appended to the monthly survey that underpins the NAHB/Wells Fargo Housing Market Index in June of 2013.
The three home size categories NAHB used are established by square home footage:
1) under 2,000
2) 2,000 to 3,000 square feet
3) over 3,000 square footage in a home.
It is interesting to see which spaces are allocated more square footage when the home itself is larger and which room generally remain unaffected. "The share of new homes built with separate dining rooms, separate family rooms, and walk-in pantries increases regularly as the homes get bigger. The same is not true, however, for a separate living room, great room or other finished space," states NAHB.
The survey showed that on the average home builders are building homes allocating home spaces in the following manner:
"Total construction spending hit an unknown level in August because the Census Bureau was unable to release new data as a result of the federal government shutdown," according to Association of General Contractors (AGC) of America.
"We can see that the average size of particular rooms and spaces that are often included in new homes, which is great data for many in the housing industry," adds Thuening. "If you are considering a major home renovation, it helps to have an average of what Twin Cities home builders have found to be what homebuyers want. If you sell your home later, it may well be one factor that determines the strength of your home buyer pool. With positive real estate housing recovery news all around us, homebuyers are out in force to find the living spaces they want."
NAHB states that they did not seek to define room types, nor to explain what constitutes a room. With challenges to identify and count individual interior spaces since they can serve different functions, the survey sticks to traditional room types. Creative combinations of partial walls, arches, columns, cabinetry, etc., with or without various sizes of pass throughs may define a "room". With the housing trend toward more open living spaces, removing walls between rooms and substituting other architectural features for an natural flow while still designating distinct rooms within the home has become a common type of home remodeling project. The determination and classification of rooms is left up to the builder’s interpretation in the NAHB survey as they glean how home builders allocate home spaces.
Whether planning on building a custom home or buying an existing Twin Cities home, Home Destination offers guidance and helpful insights to Twin Cities real estate buyers.