According to a recent article from Daily Real Estate News, the trend of builders switching focus from $500,000 plus luxury homes to moderately priced single family homes has had a dramatic influence on the types of finishes and materials being used in today’s new homes. While some high end materials have gained popularity, others have lost market share for more economical choices. The following statistics can be found in the Home Innovations 2017 Builder Practices Survey.
Quartz On The Rise
Despite it’s high price, quartz was found in 13 percent of bathrooms in new homes in 2016 and in 15 percent of kitchens of new homes (both up from 9 percent in 2015). Quartz counter tops are now seen as more popular than granite and marble countertops. Why is this so? Quartz counter tops are no fuss and super durable to stains and scratches due to is being an engineered stone. Granite and marble, a natural stone, is more prone to stains and cracks. It’s durability makes it a good investment in the long run, despite the high price.
Granite & Marble Lose Popularity
Granite and marble were once the standard in any high end home, but the finishes have since lost popularity. Lower to mid range vitreous china and enameled steel sinks are being used more in bathrooms, while quartz reigns supreme in kitchens. As we mentioned before, granite and marble are less durable than these man made surfaces.
Brushed nickel finishes have gained popularity in kitchens, outselling stainless steel, chrome, and bronze finishes for the first time in history. While nickel is gaining popularity in bathrooms as well, chrome still reigns supreme.
Hardwood & Vinyl Flooring
While high-end solid hardwood and luxury vinyl tile remain popular choices for home flooring, engineered hardwood and ceramic tile are rising in market share. Engineered hardwood flooring is made up of multiple layers of wood fibers that holds up to climate fluctuation and sub-floor moisture more easily than standard solid hardwood flooring.
Goodbye to Jet Tubs
The jetted tub is continuing to lose popularity and is being found less in new homes each year. Instead of focusing on luxury bathtubs, buyers put more value in their shower experience and would rather have multiple shower heads.