A recent article in Custom Builder magazine says that custom luxury homes are showing the strongest improvement among new construction sectors in Q2.
Citing results of AIA’s August monthly Architecture Billings Index (ABI), it reports, “Overall, the home design market remains robust with custom luxury homes showing the strongest improvement among new construction sectors. Client interest in custom and luxury homes increased to 24% percent from 18% on net in the second quarter.”
The Dallas News agrees (illustrated with a photo of the Sebastian-built Baron residence which recently changed hands.)
“…one part of the D-FW market that shows no sign of a slowdown so far is super high-end housing….There have been double-digit home price gains in luxury housing in 20 major U.S. markets, and two-thirds of U.S. markets are seeing sales of luxury homes move faster than this time last year.”
Wondering what features are most popular in new luxury homes? The AIA Home Design Trends Survey results for Q2 2018 gives some insight.
Technology friendly features continue in popularity, with 69% of architects rating them as increasingly sought by home owners. The growth of tech friendly features such as USB wall outlets, extra outlet capacity/charging stations and in-wall mobile wireless charging docks reflects how pervasively technology is embedded in our lives.
When it comes to special function rooms, the Survey reports that “Outdoor living areas continue to be very popular spaces and pet room/interior kennel grows in popularity.”
These reports are bolstered by a Wall Street Journal article, we quoted back in March, What Luxury Home Builders Consider Worth the Splurge. The subheadline reads, “In their own homes, construction-company bosses will spend money on the best materials and perks like seven ovens and a dog-grooming room.”