I found this blog and thought it was right on for our market right now:
The sagging economy is influencing home design as more home owners favor smaller indoor and outdoor spaces that are often cheaper to maintain. Forget the formal spaces that are rarely used. Home owners nowadays don’t want to waste space and want to use every square inch of their home.
Home sizes and lots continue to decrease as preferences grow for low maintenance property improvements, according to the American Institute of Architects Home Design Trends Survey for the first quarter of 2010.
“We continue to move away from the McMansion chapter of residential design, with more demand for practicality throughout the home,” AIA Chief Economist Kermit Baker said in a public statement about the survey results. “There has been a drop off in the popularity of upscale property enhancements such as formal landscaping, decorative water features, tennis courts, and gazebos.”
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