New Home Construction Projected to Surge in 2024
The annual predictions and trend report from The Plan Collection reveal that in 2024, prominent trends are anticipated to include home renovations, a focus on sustainability, and advancements in AI-driven home technology.
According to the MReport, when renovation isn’t an option, many are choosing new house plan construction due to a lack of inventory. According to MarketWatch, in September, “U.S. new-home sales just ‘defied gravity,’ surging to the highest level since February 2022.”
Home renovations, sustainability, AI-driven home technology advances, and new house construction will lead trends in 2024.
“For new construction and floor plan renovations, inquiries have been climbing, and we predict they will continue in 2024 as more homeowners are reassessing their current space or unable to find an existing home to purchase,” said Laurel Vernazza, The Plan Collection’s Home Design Expert.
The top 2024 house design and building trends include:
AI and Sustainability:
- Smart Homes Get Smarter with AI: Alexa, Siri, and Google already run millions of homes. In 2024, remote access and the “Internet of Things” (IoT) will evolve into an AI-powered home automation system using tools like ChatGPT to make homes even smarter. Heating and cooling, electricity, security systems, etc. will all have a mind of their own; the new technology will know the home better than the homeowner. The increased automation will also further reduce energy use.
- Sustainability and Locally Sourced Materials: Consumers will continue to make more sustainable decisions and support local businesses. The carbon footprint of purchased home renovation and construction materials is especially influential among millennials and Gen Z.
