The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences. This is flat from from 2020, during a period… Read More ›

New home sales in July fell to their lowest level since January 2016 as the industry grapples with supply chain disruptions that are delaying new home building projects and raising housing costs as mortgage interest rates increased. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in July at… Read More ›

The empty-nester homeowners wanted a single-level home with extensive indoor/outdoor living areas, designed to take advantage of the view from their waterfront lot. The homeowners favored mid-century modern design and wanted the design and selections to exude warmth. The updated local code required that the new home be elevated 5 feet. So, in place of steep steps to the entrance, the architect designed a gradual series of steps leading to a courtyard entrance with water feature, low-maintenance artificial turf and…

The Model Home at The Village at Seven Desert Mountain is 10,000 sf of a modernist dream world for golfers and lovers of the luxury golf lifestyle. Designed to set the tone for a national award-winning builder, the architect created modernist designs with a rugged material palette that lends itself to the rugged desert setting distinct to north Scottsdale. Sleekly designed for modern living, the kitchen layout is all about functionality and style. A blackened steel range hood is in…

Nonfarm payroll employment increased in 46 states and the District of Columbia in July compared to the previous month while four states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 528,000 in July, following a gain of 398,000 jobs in June.  As of July 2022, the U.S. labor market is back to… Read More ›

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts surged during the second quarter of 2022. At 142,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. The market share of rental units of multifamily construction starts bounced back to 96%. In contrast, the historical low… Read More ›

A part of Related’s premier Icon brand, Icon Buckhead’s lavish approach perfectly complements a neighborhood that’s come to be known as Beverly Hills of the South, with every aspect curated to captivate the wealthy renter-by-choice demographic. Towering to 420 feet, the 35-story building was the area’s tallest tower upon completion, standing out thanks to the signature structural fin gracing its upper levels. Drawing inspiration from nearby high-end shops, all common areas are draped in royal blues and blacks and showcase…

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. During the housing boom of recent quarters, this led to a rise for new single-family home size. However, as the housing market weakens this trend appears to be reversing. According to second quarter 2022 data from the… Read More ›

As elevated mortgage rates and higher home prices weighed on housing affordability, existing home sales declined for six consecutive months, according to the National Association of Realtors (NAR). All four regions saw double-digit decline in sales from a year ago. But home price appreciation has slowed as inventory increased. The median existing home prices in July was down $10,000 from… Read More ›

Written and Sponsored by Westlake Royal Building Products  Your home’s exterior can say a lot about you and your family while also making a first impression on guests (and potential buyers). Because of the impact curb appeal has on the amount prospective buyers are willing to spend on a home, it’s important for homeowners to look beyond simply choosing the right siding color and consider different siding materials and profiles, adding accents like stone veneer and researching other exterior upgrades…