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It will be quite a while before we eat u the stock of existing homes and have much use for new ones.
To the extent they continue to build new homes - ranch style homes will probably be the most popular our population is again and wat to avoid stairs. Architectural styles will probably remain a mish mash of incompatible elements cut from catalogues. I doubt that acrhitects are suddenlty gong to start thinking for themselves and become creative all of a sudden. The ones who are creative will mostly be ignored as always. No develper is going to take a risk on something new, especially in the current market conditions.
So to the extent that new houses are build, I expect we will see more of the same, but more and more ranch style houses.
I think the cost of land dictates what type of house gets built.
You can build a nice ranch of 2.500 sf on a 1 acre lot that costs $50K and sell it for $300K and attract a lot of buyers.
If you pay $500K for the same lot you cannot build a 2,500 sf ranch and expect to sell it for $750K
Smaller and more energy efficient with the home with the paid off mortgage reigning supreme over all.
Agree!
Smaller, better use of resources.
And as Coldjensens mentioned, the ranch-style. Alot of retiring baby-boomers opted for ranches and bungalows -- smaller spaces, lower utility bills, already paid for or less of a mortgage.
And as Coldjensens mentioned, the ranch-style. Alot of retiring baby-boomers opted for ranches and bungalows -- smaller spaces, lower utility bills, already paid for or less of a mortgage.
I agree.
Smaller patio types, one floor, little land, energy effecient, can easily afford/paid for, overall basic downsizing.
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