Last week, I had the opportunity to attend the 2010 International Builders' Show in Las Vegas Nevada.
With over 1000 exhibitors and 175 educational programs this is the largest industry gathering in the states and an incredible gathering of expertise for the home building industry. It was a chance to see the latest and most innovative products on the market and get a better feel for the directions now coursing through the industry.
Several important trends quickly became clear as you perused both the booths and the education courses during the show. Throughout all offerings, everything is becoming more green. Almost all producers are trying to use less and consume less of all our natural resources. There is an increased emphasis on building communities and homes that have easier access to public transportation options and shorter commutes to work and shopping. And everyone is trying to reduce costs both for the products themselves and the resources used throughout their life-cycles.
In addition, across all demographics, there is a renewed emphasis on quality. As priorities have shifted, demand is growing for "smaller" homes. Buyers are not necessarily trying to downsizing per se, but they want efficient use of space. Average home sizes throughout the country have been shrinking while often losing the high ceilings and unused space. At the same time within these properties, few are giving up the newest amenities with homeowners still demanding the best, the newest, the most efficient, and the most renewable products throughout their properties.
In the coming months, I will continue to provide more details coming from the show as it impacts our local communities and building industry. It is going to be an interesting year to watch these new developments flow through the industry.
As always, if you have any questions or need any additional information, never hesitate to contact me anytime.
Long & Foster Real Estate Inc - Newtown Square,PA/Bear, DE
Office: 610-353-1199/Direct: 610-359-3853/Cell: 610-618-0808