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Poconos Custom Home Blog

Why are New Homes Getting so Big?

Posted by Liberty Homes on Apr 1, 2014 2:00:45 AM

National Association of Home Builders (Photo credit: Wikipedia)

NAHB, 2014 - Though the average size of new homes keeps getting bigger, there is more to this home buying trend than meets the eye, according to Census Bureau data presented by the National Association of Home Builders (NAHB) during the International Builders’ Show in Las Vegas.

“The average home size has continued to rise for the past four years, from 2,362 square feet in 2009 to 2,679 square feet in 2013,” said Rose Quint, NAHB assistant vice president for survey research.

The share of new homes with at least four bedrooms has also been on an upward trend, rising from 34 percent in 2009 to 48 percent last year.

Meanwhile the percent of homes with at least three full bathrooms has gone from 23 percent in 2010 to 35 percent in 2013, and the share of homes with three-plus garages has climbed from 16 percent in 2010 to 22 percent last year.

The upward trend also applies to the percentage of two-story single-family homes started, with the share steadily rising from 51 percent in 2009 to 60 percent in 2013.

As homes get bigger, so does the average sales price, rising from $248,000 in 2009 to $318,000 in 2013. To find out why homes are getting so big you need to look at who is buying them.

“It requires a high credit score and a nice income to qualify for a mortgage,” said Quint, who noted that the spread between the average Experian credit score of all U.S. consumers and the average home borrower’s score has risen from 33 points in the early 2000s to 58 points in 2013.

The median income of new-home buyers has steadily climbed from $91,768 in 2005 to $107,607 in 2011.

During the same period, the number of new-home sales has dramatically declined, from 1.28 million to 306,000.

“There are not as many people who have the income that can qualify for a new home,” said Quint.

Most Popular Features in 2014 Homes

The features that builders are most likely to include in a typical single-family home this year are a walk-in closet in the master bedroom, low-e windows, a laundry room and a great room, according to the latest survey by NAHB.

Energy-efficiency is also a key theme, as Energy-Star rated appliances, programmable thermostats and Energy-Star rated windows also rank high on the list.

According to builders, granite countertops, a double-sink and a central island will likely make the cut in the kitchen as well as a linen closet and a private toilet in the bathroom.

Other features that builders are likely to include are first-floor ceilings at least nine-feet high, a front porch, exterior lighting and a patio.

Conversely, the most unlikely features to show up in 2014 homes are laminate kitchen countertops, an outdoor kitchen, an outdoor fireplace, a sunroom, a two-story family room, a media room, a two-story foyer and a whirlpool in the master bathroom.

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Topics: Liberty News, Single-family detached home, International Builders' Show, Energy Star, National Association of Home Builder, Las Vegas, Closet, bathroom

Featured Floor Plan: The Samuel

Posted by Liberty Homes on Mar 25, 2014 2:08:58 AM

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Topics: Bedroom, Liberty News, Dining room, Floor Plan, Energy Star, Living room, Vacation property, Samuel, Family room

The Cold isn't So Bad When You're in Front of a Roaring Fire

Posted by Liberty Homes on Jan 7, 2014 1:15:23 AM

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Topics: Liberty News, Pocono Mountains, Floor Plan, Energy Star, Business, Poconos, Energy, Construction and Maintenance, Vacation property

Free Home Building Resources

Posted by Liberty Homes on Oct 15, 2013 3:28:50 AM

If you're thinking about building a vacation home in the Poconos you have lots of questions about location, design, floor plan, energy efficiency, budgets and finding a builder. It can be a little overwhelming if you don't know where to begin. At Liberty Homes we offer many free resources for people who are thinking about building their dream vacation home.

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Topics: Liberty News, Floor Plan, Energy Star, Home, Business, Design, Sanctuary Homes, Great room, Construction and Maintenance

Featured Vacation Home Floor Plan: The Arden

Posted by Liberty Homes on Aug 6, 2013 8:47:21 AM

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Topics: Bedroom, Liberty News, Dining room, Floor Plan, Energy Star, Poconos, Great room, Vacation property, United States

What Does it Mean to be Eco Friendly?

Posted by Liberty Homes on Jul 24, 2013 11:42:40 PM

Just what does it mean to be eco friendly? This infographic presents a concise visual on what it means to be eco-friendly, from defining “eco-friendly” to outlining eco-labels, lifecycle stages, green-washing and more. As an Energy Star certified home builder in the Poconos of PA we pride ourselves on being as green as we can be and encourage others to do the same.

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Topics: Sustainable living, Liberty News, Shopping, Energy Star, Green Living, Environment, Niche, Sustainability, Environmentally friendly

Arden Floor Plan

Posted by Liberty Homes on Jun 4, 2013 6:43:58 AM

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Topics: Liberty News, Pocono Mountains, Floor Plan, Vacation rental, Energy Star, Poconos, home plans, Vacation property, United States

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