Friday, July 6, 2012
The 2012 1st Q AIA Home Design Trends Survey Report: Outdoor Living, Low-Irrigation, Adaptability, Flexibility & Consideration for the Elderly Population
Each quarter, the American Institute of Architects (AIA) releases their Home Design Trends Survey where they compile the recent trends in home design. The latest report concludes we still have a love affair with outdoor living space.
Other results from the survey indicate eco and sustainability advancements such as low-flow irrigation systems, sustainable kitchen designs and flexible floor-plans for the custom and luxury homes currently being designed.
While luxury takes a step forward, we also see architects increasing designs for elderly living as the population leans in that direction.
Even though we see the trend in home improvements / additions / renovations continue to remain the thrust of the design market, the crest of new designs for a higher-end / luxury architecture market starting to improve.
Couple this with the fact the business market and lending markets seem to be lightening underwriting requirements, while these credit-solid buyer's receive interest rates of 3.6%, the lowest on record recorded only this week.
Another interesting notation is the fact there is a current uptick in design for larger homes after years of down-sizing, while buyers / owners become more eco-conscience.