NAHB: Granite, wood and stainless steel continue to lead top kitchen design
trends
Dive Brief:
What's old is new again, according to a National Association
of Home Builders report combining findings from its 2016 Builder Practices
Survey and a recent Houzz study, both of which identify current trends in new
single-family kitchens.
Granite countertops (64%), wood cabinets (85%) and stainless
steel (79%) appliances are still hot, according to NAHB data. Range-cooktops
(97%), dishwashers (92%), microwave ovens (84%), garbage disposals (84%) and
refrigerator-freezers (65%) are the most commonly provided appliances.
Among the least popular kitchen choices were solid-surface
(9%) and engineered-stone (9%) countertops, laminate cabinetry (5%),
multicolored cabinets (6%) and white appliances (4%). Elevators (2%), trash
compactors (4%), standby generators (8%), hot water dispensers (8%) and water
softeners (13%) were the least likely features to be included in new homes.
Home builders are sticking with old favorites like granite and
stainless steel when designing kitchens with value-added features. However,
homeowner tastes might be changing. A report last month from Zillow found that
monochromatic cabinets were waning in popularity and that tuxedo cabinet —
those painted in complimentary colors — were on the rise. The real estate
website confirmed that homeowners prefer stainless steel appliances but that
they are increasingly covering them up to move away from the industrial look.
In a turnaround from what home builders seem to be banking on, Zillow also found
that homeowners were growing tired of granite and increasingly opting for
quartz, marble and butcher block counter tops.
Kitchens are the gathering place in most homes. Accordingly,
a July report from the Harvard Joint Center for Housing Studies found that
kitchen and bath remodels are the most common improvements that homeowners
make. CNBC said that kitchen-related and other remodel types were so popular
these days that they threaten to exceed new construction in the next year. In
fact, by mid-2017, spending on home remodels and renovations should reach $321
billion, according to the HJCHS. One of the drivers behind this burst of
remodeling activity is an increase in home equity. Gains have put 38 million
homeowners in a 20% equity position, which makes financing these sorts of improvements
easier, CNBC reports.
In its annual Cost vs. Value Index, Remodeling magazine
reports that the average return on the cost of a remodeling project in 2015 was
64.4% if the home is sold within a year, compared to 62% a year earlier and the
second-highest reported return since the recession. A general kitchen remodel
in which features are upgraded but the plan isn't overhauled was among the
project types reporting an increase in return value in 2015.
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