New data reveals significant increases in new home construction house plan purchasing and search trends since the pandemic – new bank of america data supports increases
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New data reveals significant increases in new home construction house plan purchasing and search trends since the pandemic – new bank of america data supports increases

Interest Increased 27% from 2020 to 2021 Due to Lack of Existing Housing Sales Inventory - Vacation Homes Increased More Than 40%; Farmhouse Style Up 70%

(SCARSDALE, NY) – New data shows a significant increase in online house plan purchasing and interest in new construction homebuilding reveals The Plan Collection, the pioneer of online home design plans. With the declining supply of new homes for sale in the residential real estate market and the current bidding wars happening across the country, many are opting to build their dream homes.  Most often when building new, the home is constructed in suburban and rural areas. 

Bank of America just released a study this week that supports the increases as it reveals that half (48%) of those surveyed want to buy in the suburbs and 29% want to buy in rural areas. This is an increase from last summer, when 18% indicated a desire to purchase a home in a rural area.

The Plan Collection offers more than 22,000 affordable house plans for purchase online and the data is based on sales and online searches in Q1 2020 (pre-pandemic) compared to Q1 2021 (post-pandemic). 

OVERALL - There was a 27% increase in interest across almost every house style.

VACATION HOMES - There was significant growth among vacation home searches with an increase of more than 40% and include beach, lake houses and mountain homes.

TOP SALES BY ARCHITECTURAL HOME STYLES - Here are the top house plan sales by architectural home styles in 2021 (ranked in order):

“With the shortage of existing homes for sale we aren’t surprised in the interest in building a new dream home,” says Home Building Expert Tim Bakke, director of publishing at The Plan Collection.  “The advantages of a new build include all-new everything, no competitive bidding, choice of location and style, energy efficiency and fewer repairs and maintenance costs which is appealing to many homebuyers in this challenging residential real estate market.”

Here is another key finding from the new data:

BUNGALOW – The Bungalow home style fared relatively poorly at less than 10% growth. This is due to their general appeal in denser, more urban settings which many are leaving due to the pandemic.

The data is based on The Plan Collection’s house plan sales and searches in Q1 2020 (pre-pandemic) compared to Q1 2021(post-pandemic).  Since 2020 more than 4.5 million visited ThePlanCollection.com to research home plans for purchase.  Overall, The Plan Collection is registering strong traffic that continues to increase since the lockdown began across the country.

ABOUT THE PLAN COLLECTION

The Plan Collection offers more than 22,000 affordable house plans developed by the nation’s most talented architects and designers. Through the use of pre-drawn yet customizable plans, both builders and those looking to build can develop their dream homes at a lower cost. In addition to the wide selection of available plans, the site offers detailed how-to articles and knowledgeable customer service representatives to help visitors find swift answers to their questions. For more information, visit https://www.theplancollection.com/.

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Jessica Prah
Paramount Public Relations
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