The Return of New Home Builders & the Changing American Home

THE RETURN OF NEW HOME BUILDERS & THE CHANGING AMERICAN HOME As the housing market improves, customer traffic, sales conditions, and builders' outlooks for single-family home sales over the next six months have soared to their highest levels since 2006. How has the construction industry, and the modern American home, changed? NEW HOMES BY THE NUMBERS AS OF JUNE 2013: tt :10% 624,000 Increase in home starts, compared to 2012 levels Single-family home building permit applications; a five-year high i1 16% 836,000 7777TT| Seasonally adjusted annual rate of home starts begun Increase in permits, compared to 2012 levels 16 OOOOO S$$$$$$$$$$$$ +13.5% Increase in national median existing-home price, compared to June 2012 02 03 04 Consecutive months of year-over-year price increases sss$$ssss$$: $214.200 FEB. '05 - MAY '06 o00co00 National median existing-home price for all housing types The last time such a sustained price increase occurred FORECASTING MORE DEMAND U.S. POPULATION DEMAND FOR NEW HOUSING, ACCORDING TO AVERAGE PERSONS/HOUSEHOLD AVERAGE PERSONS/HOUSEHOLD 2.58 22 322M 438M 44.9M 74.3M Today 2050 (estimate) Today 2050 (estimate) Today 2050 (estimate) HOW NEW HOMES HAVE CHANGED 44% of the nation's housing stock was built before 1970. In that time, our tastes in homes have changed dramatically. HOMES ARE BIGGER LOT SIZES ARE SMALLER 0.25 ACRES 0.32 ACRES Single-family home Single-family home median lot size in 1970s, 1980s, and 1990s median lot size between 2005-2009 2,200 1,500 The median square footage of single-family homes built between The median square footage of single-family homes built before 1961 2005-2009 HOMES HAVE MORE AMENITIES AND SAFETY FEATURES % of homes built between % of homes built in the 1960s AMENITY 2005-2009 with this amenity and earlier with this amenity DISH- WASHER 93% 45.9% WASHING MACHINE 89.1% 73.5% CENTRAL A/C 89% 45.3% CLOTHES DRYER 88.4% 70.2% GARBAGE DISPOSAL 74.4% 32.6% FORCED WARM AIR FURNANCE 68% 59% ELECTRIC HEAT PUMP 25% 5% TRASH COMPACTOR 6.6% 20% SAFETY FEATURE SMOKE DETECTOR 93.8% 86% FIRE EXTINGUISHER 38.1% 37.2% CARBON MON- OXIDE DETECTOR 35.1% 37.4% SPRINKLER SYSTEM 17.7% 1.9% A LOOK INSIDE AMERICAN HOMES Percentage of owner-occupied homes that include: 88 29% 65% 56.9% 92% 12.7% Porch, Deck Balcony or Patio 2. Bathrooms Separate Dining Room 4. Bedrooms Swimming Pool 79% 32% Garage or Carport Home Office WHAT AMERICANS WANT IN NEW HOMES Architecture firms report increasing interest in: 35% Exterior/Security Lighting 12% 64% 55% Larger Home Size Outdoor Living Space Blended Indoor/Outdoor 52% Rainwater Catchment Sources: Oregonlive.com, Realtor.org, TheAtlanticCities.com, Census.gov, USAToday.com, AIA.org h. hudson homes HHUDSONHOMES.COM Infographic designed by Mad Fish SEO Copyright © 2013 H. Hudson Homes