The sales of investment and vacation homes remain strong across the U.S.
In 2012, vacation-home sales rose 10.1% while the median vacation-home price rose by 23.7%. Analysis of U.S. Census Bureau data shows there are 42.8 million investment units and 8 million vacation homes in the United States, compared with 75.3 million owner-occupied homes.
Homes designed to accommodate an expanded family is the newest trend in the housing industry.
In response to this growing trend, Lennar offers NEXT GENSM – The Home within a Home®. It's a complete suite with bedroom, eat-in kitchenette and living room. It can be integrated into a home's living space or kept as a private residence.
Buyers 55 years and older are showing no signs of slowing.
Using construction starts as an indicator of home sales activity, the National Association of Home Builders states the number of homes in age-targeted communities increased by over 20% in 2013 with an anticipated increase of an additional 20% in 2014.
The sales of green homes are expected to increase between 29% and 38% within the total residential market by 2016.
The West Coast has seen the highest growth of green home sales since green building practices were introduced. Buyers recognize that the purchase of green homes comes not only with the peace of mind of environmental responsibility, but also lower monthly utility bills.