The collapse of the housing market resulted in greater interest in smaller homes and lot sizes, but that appears to be leveling off, according to findings from the American Institute of Architects (AIA) home design trends survey. There continues to be interest from homeowners in investing in their properties, particularly with regards to outdoor living space.
“Overall home and lots sizes showing signs of increasing slightly indicates that the housing market is stabilizing after being in a downward spiral since 2007,” said AIA chief economist Kermit Baker, PhD, Hon. AIA. “But consistent with the last several years, there remains a preference for open space layout allowing for more flexibility and less interest in formal spaces and rooms.”
The survey also shows that accessibility within the home remains a concern, as does the ongoing demand for more flexible and open design within homes. Business conditions for residential architects are showing improving conditions with the highest billings score since mid-2007.
“The home improvement market, including both additions and structural alterations, as well as remodeling projects, is extremely healthy right now and with the exception of the affordable home market, all of the other sectors are more positive than the same time a year ago,” said Baker.
