The incredible, shrinking U.S. house
The single-family home is getting smaller. Three-bathroom houses are on the decline. And most builders think the living room will merge or vanish by the year 2015.
Those were some of the findings shared by the National Association of Home Builders (NAHB) during the 2011 International Builders’ Show, during a seminar called "The New Home in 2015." In one word, homes will be "smaller," according to the survey data.
The average size of a new single-family home completed in 2010 declined from 2,438 square feet to 2,377 square feet. And looking forward, builders are already expecting smaller homes in 2011.
Smaller homes this year are expected by 52% of builders surveyed, compared to only 7% who expect larger homes in 2011. Lower priced models are also in the pipeline — 59% of builders will build lower-priced models, compared to 7% who will build high-priced models.
The following expectations for 2015 came from a 2010 builder survey, and are compared to the home of the future survey from 2007.
• Less than 1,600 sq. ft.: 2%, up from 1% in a 2007 survey;
• 1,600 to 1,999 sq. ft.: 13%, up from 4%;
• 2,000 to 2,399 sq. ft.: 63%, up from 46%;
• 2,400 to 2,999 sq. ft.: 22%, down from 41%;
• 3,000 to 4,999 sq. ft.: 1%; down from 7%
The NAHB presentation also reported the following:
• Homes with three or more bathrooms declined in 2009 from 28% to 24%. The figure remained at 24% in 2010.
• Homes with three-plus-car garages peaked in 2005, and has been on a downward trend since. These garages are in about 17% of completed homes in 2010.
• More than half — 52% — of respondents believe the living room will either vanish or merge with other home spaces by 2015.
ARA Foundation under new leadership
Doron Broadfoot, president of The Rent-It Store in Saskatoon, Saskatchewan, took over as chair for the board of trustees of the American Rental Association Foundation.
The Moline, Ill.-based ARA Foundation also named a new vice chair. Catherine DeBusk, VP of Party People Rentals in Phoenix will fill that post. Two new trustees joined the Foundation board: Andy Cooke, VP Cooke Rentals in North Carolina, and Dave Garton, sales and marketing manager for John Deere, Moline, Ill.
The ARA Foundation is a philanthropic organization supporting the equipment rental industry since 1976.
Fifth-generation Jensen named executive VP
Jensen Distribution Services has announced the appointment of Chris Jensen as its new executive VP and chief business development officer, effective March 1. Jensen, who started with the company in 2001, represents the fifth generation of the Jensen family that has owned and operated the business since its inception in 1883.
Jensen will be responsible for all of the sales divisions within the organization, including the national accounts division, the independent retailer division, and the e-commerce division. He will report to company president Doug Miller. Mike Jensen will remain as CEO and chairman.
Based in Spokane, Wash., Jensen Distribution Services is a wholesale distributor that services over 2,000 retailers in 11 western states.