New Homes Attract Consumers Looking to Save on Energy Costs
WASHINGTON, D.C. – April 19, 2016 – The home building industry celebrates New Homes Month in April by sharing the top features that will be seen in typical new homes built in 2016. Once again, builders are responding to what home buyers want by offering greater efficiency in the design and function of the home.
“Today’s new homes include features that will help homeowners reduce energy consumption and enhance the conveniences of modern living,” said Ed Brady, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Bloomington, Ill. “Our builders are telling us that energy efficiency continues to be a top demand from consumers.”
NAHB recently surveyed builders about the features they are most likely to include in new homes they build this year. Four of the top 10 features focused on energy efficiency: low-E windows, Energy Star-rated appliances and windows, and programmable thermostats.
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These features correspond to the list of features that consumers say are most important to them, as well. According to NAHB’s latest survey of home buyer preferences, Energy Star appliances and windows, as well as an Energy Star rating for the entire house, are among the top five most-wanted features.
In fact, home buyers are willing to pay more for a home if they can get lower utility costs in return. On average, they will pay an additional $10,732 up front to save $1,000 a year in utilities.
Other popular features that builders said they are most likely to add to their homes include a walk-in closet in the master bedroom, laundry room, great room (kitchen-family room-living room) and a central island and granite countertop in the kitchen.
More information about the NAHB surveys can be found at HousingEconomics.com.
Home buyers can access home buying and home building information and resources at nahb.org/forconsumers.
