Posts tagged ‘Industry Trends’

December 16, 2015, 1:43 pm

As Smart Technology Evolves, Building Trends Follow Suit

 

engineerConsulting-Specifying Engineer recently released the results of its 2015 HVAC and Building Automation Systems Study. A lot wasn’t terribly surprising, for example that energy efficiency and budget have been key factors in respondents’ projects. The results relating to challenges, though, were less expected. Two-thirds of respondents reported challenges when working with automation systems – often challenges of interoperability and complementing systems.

To us, though, the topic of building automation is one to be excited about – and not just because VRF integrates seamlessly with a wide variety of automation systems. In short, the future of building automation is bright. Navigant Research, a market research and consulting organization focused on global clean technology markets, projects that automation systems will result in a cumulative worldwide revenue of $713 billion between 2015 and 2023. While automation systems may currently provide engineers with challenges, they also provide the entire industry with this opportunity.

There is also a profound opportunity to evolve how we build and, ultimately, how we live our lives. The rise of automation systems and enhanced interconnectivity with other smart technologies will enable the industry to push toward consistently achieving passive or even net-zero designs. That future is undoubtedly exciting, and the path toward it will only get smoother as automation systems are refined.

Written by MitsubishiHVAC
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May 15, 2014, 10:52 am

Home Buyer Behavior: 2014 Top Generational Trends

May 15_Generational Home Buying Trends ImageWhat do home buyers from all generations have in common? They all place a heavy emphasis on sustainable features in their new homes, according to a recent report by the National Association of Realtors (NAR).

The NAR’s data comes from a 122-question survey distributed to a random sample of more than 148,011 recent home buyers nationwide. The survey identifies and evaluates the generational differences in home buying and selling behavior.

Here are some of the survey’s most interesting takeaways:

  • The majority of respondents (36 percent) said cooling and heating costs were the most important sustainable factor when purchasing a new home.

  • 14 percent of all buyers in 2013 purchased multi-generational homes. The main purchasing drivers were children over 18 moving back in, cost savings and caretaking for aging parents.

  • Younger buyers tend to buy older, previously owned homes due to the generally lower prices and overall value. Baby boomers – those born between 1946 and 1964 – are more likely to purchase a new home, mainly to avoid necessary replacements or renovations and for the ability to customize the space.

  • As age increases among recent home buyers, the rate of owning more than one home also increases.

  • Older home buyers make fewer compromises. More than half of the Silent Generation buyers in 2013 – those born between 1925 and 1945 – made no compromises on their new home.

Click here to view the full report from NAR and here for BUILDER magazine’s coverage of the results.

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