Homes by 2015 may include?

The survey results are self explanatory. However, the low response for a 2-master bedroom suite house seems out of touch with current economic and demographic data. The “great recession” has delayed family formations and may cause first time homebuyers to join forces to buy. If the home functioned for two separate owners, the niche market would be met. I would think dual master suites and other features i.e. offices with current technology may become a more viable market alternative.

February data for new housing starts was released with a seasonally adjusted rate of 479,000 new housing starts. There was a significant drop from month to month. But typically, there is a drop in starts during winter months simply because of severe weather. There was a 47% drop in apartment and condominium starts from January to February. Another alarming statistic is an 8% reduction in building permits to the lowest level on record dating back to 1960!

“As housing goes…….so goes the economy”