12 Top Housing Trends to Watch in 2023

Do you ever wonder what the future of housing will look like? Well, it’s closer than you think! The American housing market is going through a significant transformation, and some fascinating trends are shaping our homes and how we live our lives.

There’s a lot to explore, from homes powered by renewable energy to the rise of smart technology and the growing popularity of tiny houses.

Here are the top 12 housing trends that are revolutionizing how we think about US housing!

1. Rise of Remote Work

One of the biggest trends that has impacted the American housing market in recent years is the rise of remote work. The pandemic has accelerated the trend of remote work. This has led many to look for homes in more affordable, less densely populated areas.

The ability to work from home has allowed many people to move out of expensive cities and into more affordable areas, where they can enjoy a better quality of life while still being able to work remotely.

As a result of this trend, we have seen an increase in demand for homes outside major metropolitan areas. People seek larger homes with more outdoor space, such as backyards, patios, and decks. These areas are perfect for working from home and enjoying fresh air during the workday.

2. House Hunting Has Been Digitalized

The digital age has brought about a major shift in how we search for and buy homes. In the past, house hunting was a largely offline process involving in-person visits to open houses, meetings with real estate agents, and exploring physical listings in newspapers and flyers.

However, with the rise of online real estate platforms, house hunting has become a largely digital process.

Today, prospective homebuyers can search for properties from the comfort of their homes, using online databases and virtual tours to get a sense of what’s available.

They can also connect with real estate agents and mortgage lenders online. They even complete the home-buying process from start to finish without ever setting foot in a physical office.

This trend towards digital house hunting has made the process more convenient, accessible, and efficient than ever before – and it shows no signs of slowing down.

3. Increase in Demand for Outdoor Spaces

The pandemic has also increased demand for outdoor spaces, such as decks and yards.

As people have spent more time at home, they have realized the importance of having access to outdoor spaces. These areas provide a great place to relax, entertain, and enjoy time with family and friends.

As a result, many homeowners are investing in outdoor living spaces, such as outdoor kitchens, fire pits, and landscaping.

They are also looking for homes with large yards or outdoor areas that can be customized to their liking.

4. Homeownership Rates on the Rise

Despite the economic challenges brought on by the pandemic, homeownership rates are on the rise. Formerly, low-interest rates have made it more affordable for many people to buy a home, leading to an increase in demand for housing.

As a result, we have seen a rise in home sales and a decrease in the number of homes available for sale. This has led to competition and increased home prices in many country areas.

5. Eco-Friendly Features

More and more homebuyers are looking for energy-efficient and sustainable home features. This includes things like solar panels, smart home technology, and energy-efficient appliances.

These features help reduce the home’s environmental impact and save homeowners money on their utility bills.

In addition to these features, many homeowners are also looking for homes built with sustainable materials and designed with energy efficiency in mind.

6. Rise of Multi-generational Living

With the baby boomer generation’s ageing, many families choose to live together in multi-generational households. This can provide several benefits, including cost savings and support for elderly relatives.

As a result of this trend, we have seen an increase in demand for homes with separate living spaces, such as guest houses. These areas can provide privacy and independence for multi-generational families.

7. Growth of Smart Homes

Smart home technology is becoming increasingly popular. Homeowners use voice assistants, smart thermostats, and security systems to remotely control and monitor their homes.

These devices can help to increase the efficiency and convenience of the house. They can also provide added security for homeowners.

As a result of this trend, we have seen an increase in demand for homes equipped with smart home technology. This can include everything from smart lighting systems to automated window shades and smart locks that can be controlled via a smartphone app.

8. Customization

The customization trend in the USA housing market is driven by a desire for personalization and the ability to express one’s style and individuality. With the growth of design websites, social media platforms, and other digital tools, homeowners are more informed and confident in their ability to make design decisions.

They are also more likely to seek out unique and unconventional materials and finishes, such as reclaimed wood or vintage tiles, to create a one-of-a-kind look.

Homebuilders and developers are responding to this trend by offering more options for customization, such as allowing buyers to select their own finishes and materials, floor plans, and freedom to make structural changes to the home.

This appeals to homebuyers’ desire for personalization and can also be a competitive advantage for builders in a crowded market.

However, customization options can also come with a higher price tag, and some buyers may find that the cost of customization is within their budget.

9. Increase in Small Homes

Smaller homes, often called “tiny homes,” are gaining popularity as more people look to downsize and reduce their Greenhouse gas emissions.

These homes are typically under 500 square feet and can be built on a trailer or a foundation.

Tiny homes can be an excellent option for people who want to live a more minimalist lifestyle and reduce expenses. They are also often designed with eco-friendly features, such as solar panels and composting toilets, which can further reduce their environmental impact.

10. Shift to Suburban Living

After years of urbanization, the pandemic has shifted back towards suburban living. Many people seek more space, less density, and more affordable housing.

This trend has been driven in part by the rise of remote work. Remote work has allowed people to work from anywhere and has given them the flexibility to move out of expensive cities.

As a result, we have seen increased demand for homes in suburban areas. Most suburban areas close to major cities or have easy access to public transportation are in high demand.

These areas offer many people a better quality of life, with more space, better schools, and lower crime rates.

11. Affordable Housing Crisis

While homeownership rates are rising, there is still a significant affordable housing crisis in the US. Many families need help finding affordable housing options, particularly in areas with high demand and limited supply.

This has led to an increase in demand for affordable housing options, such as subsidized housing, low-income housing tax credits, and affordable housing developments.

These options can provide much-needed relief for families struggling to make ends meet.

12. Home Renovation or Makeover Trend

With the pandemic leading to more time spent at home, many homeowners are investing in home renovations to make their living spaces more comfortable and functional.

This includes everything from kitchen and bathroom updates to home additions and outdoor living spaces.

The renovation trend has led to an increase in demand for contractors and home improvement stores, as well as an increase in the cost of building materials. It has also increased demand for move-in ready homes that do not require extensive renovations.

The American housing market is constantly evolving, and these 12 housing trends are just a few changes currently impacting the market.

From the rise of remote work to the increase in demand for outdoor spaces and the growth of smart homes, there are many trends shaping the way we live and the types of homes we are looking to buy.

Home Sweet Home

As we look to the future, these trends will likely continue to impact the housing market significantly. This means that homeowners, homebuyers, and investors will need to stay informed about these trends and be prepared to adapt to the changing landscape of the American housing market.

Love this article? Don’t forget to bookmark this page or post it to your timeless for reference later!