Panelists: JBREC’s Mollie Carmichael, Principal and Dan Fulton, SVP; and
Rohit Anand, AIA, Managing Principal of KTGY’s East Coast Office
TYSONS, VA – (RealEstateRama) — International award-winning firm KTGY Architecture + Planning recently hosted an invite-only event for John Burns Real Estate Consulting (JBREC) Principal Mollie Carmichael and Senior Vice President Dan Fulton. Carmichael and Fulton presented findings from JBREC’s survey of over 21,000 home shoppers nationally, and JBREC’s housing market outlook for the Washington, DC region and beyond. Rohit Anand, AIA, managing principal of KTGY’s East Coast office, offered his comments as well. The exclusive presentation and networking event, which was held at KTGY office at 8609 Westwood Center Drive, Suite 600, Tysons, VA 22182, was attended by some of the region’s top builders and developers.
The Washington DC market has added more jobs in the last 12 months than in 2004, which bodes well for the housing industry. According to Fulton, strong housing permit growth will continue through 2019 in DC. Single-family permits are expected to exceed the number of housing permits in 2014 and 2015. Multifamily permits are expected to exceed 2015 levels.
The top backyard choice for DC consumers was a patio with open space. This yard provides privacy and entertainment space, according to JBREC survey results. The next backyard choice for DC consumers was a covered outdoor room and a fireplace, which was more important to buyers than a large open lawn. On a national average, a covered outdoor and fireplace were more important than a patio with open space.