Homes near public transit, employment centers, and retail and entertainment complexes continue to increase in demand, according to the latest Institute of Architects Home Design Trends Survey report, which focused on community and neighborhood design. AIA conducts a quarterly survey, based on more than 500 architecture firms, that reports housing trends for the residential sector.
“There has been a resurgence in urban living in general, but economic realities like high foreclosure rates, increased commuting time and costs, and a renewed interest in affordability are key drivers in altering the residential real estate landscape,” said AIA Chief Economist Kermit Baker in a public statement about the study findings.
Compared to 2009 findings, the following community and neighborhood design features increased in demand in the third quarter of 2010:
- Homes with front porches that allow for more neighborhood connection.
- Durable, low-maintenance products for home exteriors.
- Sustainable home features, such as solar reflective roofs.
- More multi-generational housing due to the growing number of immigrant households.
- Homes that boast easy access to public transportation.
- Dedicated open-space in neighborhoods that offer more space for recreation.