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Industry Trends5 min

Attracting More Millennial Homebuyers

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’sQuality 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.

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Business Advice4 min

Prepare for the 2021 Storm Season With More Weather Resistant Siding

Do you frequently build in regions with heavy rain or strong winds? 2021 is projected to be a severe storm season, which means your builds will need some extra reinforcement. Finding the most durable siding or building solution for your projects can be confusing. Thankfully there are practical ways and durable products to help prevent damage and help protect against harsh weather so you can be prepared before the storm season arrives.

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Inspiration5 min
Small Home Design Ideas: Best Exterior Colors for Your Custom Smaller Home

You're likely building more smaller houses than you were about five years ago. Homeowners across the country want affordability, energy efficiency, or simply less home to clean and maintain so they have the weekend to explore-or they're empty nesters. Whatever the reason, they still want their small home exterior to have maximum curb appeal and have all the charm and pizzazz of a larger home.

Business Advice4 min
A Guide to Green Building Codes and Standards

Green building has moved from a trending industry practice to an industry standard. With the growth in demand for sustainable practices, there are a host of initiatives surrounding green building codes and standards. Keeping track of these standards can be difficult. We've created a resource for building professionals to refer to as you navigate the world of green building.

Inspiration3 min
Gable End Siding: Ideas, Options & Installation Tips

New trends in house siding often go beyond different styles and siding color ideas. Many of your clients will be interested in how to create curb appeal, and that's where gable siding comes in. With endless design variations, gable end siding can help your clients elevate their home's exterior and boost curb appeal.