About half of America’s would-be homebuyers are Millennials, but many have postponed their first home purchase because of sizeable student loan balances and lifestyle choices. However, there are clear signals that more Millennials are now ready and willing to take on a home mortgage. That’s especially true in metro areas that rank high on WalletHub’s “Fun Index,” U.S. News & World Report’s “Quality of Life” index, and Meyers Research’s “Housing Availability” metric. According to the real estate market analysis, there were seven metro areas where building permits grew by 15 percent or more last year, including Orlando, Houston and Minneapolis.
Builders in those communities and elsewhere have done their homework on what Millennials desire in a neighborhood – things like dog parks and easy access to transit. Homebuilders have also noted that these young buyers have strong preferences in home cladding: brick, stone and wood (or mixed use of those materials).
When asked to rate exterior materials that are “essential or desirable,” NAHB researchers found that 66 percent of Millennials chose brick or stone – and 49 percent chose wood or engineered wood siding products. Fiber cement siding finished in last place.
Complement exterior mixed materials with LP® SmartSide® Trim & Siding
NAHB also found that Millennials’ “Top 10” list of desired home features included hardwood flooring on the main level, which calls for exceptionally strong and straight sub-flooring.
LP Legacy® Premium Sub-Flooring offers one of the industry's strongest sub-floors and keeps hardwood floors free of moisture.
There are 75 million Millennials who are now entering the prime of their careers. Just like their Boomer parents, they’ll buy homes from builders who are attentive to their needs and choose materials accordingly.
For years, plywood materials such as T1-11 shed siding have been a top choice for outdoor structures. They can be used for everything from shed flooring and walls to furniture, which makes them a convenient option—but they’re not the only option. Despite plywood being top-of-mind for many, engineered wood products can help boast a greater value when it comes to outdoor structures.Continue Reading
A multigenerational workforce is not a new concept, but as a new community of tech-savvy builders enters the industry the gap between generations may seem wider than ever. Though there are some natural challenges that come with it, a multigenerational workforce also provides a more curious and diverse environment for all skill levels and ages.
Environmentally friendly living continues to be top-of-mind for homeowners. Because many want homes that are built for energy efficiency, professional builders must prepare to discuss this topic with their clients and to provide options for a build that promotes energy efficiency and minimal environmental impact.
Before installation begins, proper storage and handling is critical as you receive products onto the jobsite. When products are handled properly and in accordance with manufacturer’s instructions, you can help avoid damage to new products, use what you order, and help ensure that the product will perform as intended once installed.