Industry News

Housing market at strongest growth level since 2005

As the once struggling residential market continues to steadily improve, the size of homes has grown in response. This is the case for both high-end and custom homes as well as additions to existing homes. In addition, preferences for accessible spaces in homes-such as open-space layouts and single-floor design-also continue to rise.

Led by continued improving consumer confidence in the housing market, business conditions at residential architecture firms are at their strongest growth levels since the economic downturn. These findings are from the American Institute of Architects (AIA) Home Design Trends Survey for the first quarter of 2013, which focuses specifically on overall home layout and the use of interior and exterior space.

 

Residential elements (% of respondents that reported increases)

2013

2012

Volume

24

20

Square footage

12%

8%

Lot size

3%

5%

In-home accessibility

64%

64%

Open space layout

56%

55%

Informal space

60%

51%

Access in/out of home

55%

47%

Single-floor plan

46%

45%

 

Outdoor living and landscaping trends

 

Residential elements (% of respondents that reported increases)

2013

2012

Low irrigation landscaping

61%

65%

Outdoor living space

63%

64%

Blended indoor / outdoor living

55%

53%

Rainwater catchment

52%

48%

Exterior / security lighting

35%

33%

 

Housing market business conditions

AIA Home Design Survey Index for Q1 2013 (any score above 50 is positive)

 

  • Billings: 67
  • Inquiries for new projects: 74

Specific residential segments*

2013

2012

 

Kitchen and bath remodeling

63

53

Remodeling additions / alterations

63

51

Custom / luxury home market

16

-2

Move-up homes

32

-3

First-time buyer / affordable home market

21

-7

Townhouse / condo market

7

-17

Second / vacation home market

-15

-36

* Index score computed as % of respondents reporting improving minus % reporting weakening conditions