People planning on moving into a home in a few years are getting a glimpse into what their home might look like in 2015.
According to a recent study conducted by the National Association of Home Builders
and presented at the NAHB International Builders' Show, builders projected homes will be 10 percent smaller than they are today, more energy-efficient - featuring dual-flush toilets and low-flow faucets - and that the family room will likely be the only room that will expand in size.
"As an overall share of total floor space, 54 percent of builders said the family room is likely to increase,” said Rose Quint, NAHB assistant vice president for survey research.
The NAHB came to their conclusions after surveying prospective homeowners about their housing preferences. They concluded that the housing downturn has affected where people place their priorities in what their homes feature.
As far as how bullish homebuilders are about the current market, for a fourth consecutive month, builder confidence was low in the month of February with a score of 16 on the NAHB Housing Market Index. Anything below a score of 50 indicates builders are pessimistic about sales.