Building Materials Prices Decline in September

The prices of building materials decreased 0.3% in September (not seasonally adjusted) according to the latest Producer Price Index (PPI) report. The PPI for goods inputs to residential construction, including energy, declined for the third consecutive month in September (-0.1%). Prices have fallen 2.3% since June, the largest three-month drop since April 2020. The price index of services inputs to residential… Read More ›

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Mortgage Activity Continues to Fall as Rates Rise

Per the Mortgage Bankers Association’s (MBA) survey through the week ending October 7th, total mortgage activity declined 2.0% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose six basis points to 6.81%. The FRM has risen 80 basis points over the past month, reaching its highest level since 2006. The Market Composite Index, a measure of… Read More ›

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Home of the Week: The Royal in Kettering at eTown

The Royal Model in Kettering at eTown feature the DOE Zero Energy Ready Home label. This home was designed and built with various energy-efficient features and technologies to ensure the highest standards of health, sustainability and efficiency. All Zero Energy Ready Homes are deemed to be so energy efficient, all or most annual energy consumption can be offset with renewable energy. Builder | Providence HomesGreen Verifier/Rater | Jacksonville Building SciencePhotographer | Kim Lindsey Photography View more images in the gallery

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Interior Design Spotlight: Morrison Lake Cottage

This cottage is truly a little gem. A neutral color palette and warm accents give way to a bright and airy essence throughout. Custom millwork and trim at the stair create an invitation to ascend to the second floor. A custom-built reclaimed wood barn door at the top of the stair gives privacy to the loft, which boasts a cathedral ceiling with a pair of bunk beds. The meticulously crafted built-in bunk beds frame an oversized window that offers unobstructed…

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Type of Parking for New Single-Family Houses

For new single-family completions in 2021, 67% of homes offered a two-car garage according to NAHB analysis of 2021 Census Bureau Survey of Construction data. Another 19% of homes possessed a garage large enough to hold three or more cars. Just 6% of newly-built homes had a one-car garage, and only 1% possessed a carport. Another 7% of new homes had no garage or carport.  The 2021 data indicates that as the size of a completed home increases, the share of 1-car garages or “other”…

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Residential Building Wage Growth Slowing

Average hourly earnings for residential building workers* continue to rise in August but at a slower pace. Wage growth has retreated from the highest rate of 2021. The recent housing slowdown indicates that, while labor demand is still high, employers are cautious about hiring amid a slowing economy and rising interest rates. According to the Bureau of Labor Statistics (BLS)… Read More ›

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Gates on Greenleaf Townhomes

The Gates on Greenleaf Park is an 11-unit luxury townhome project overlooking the three-acre Greenleaf Park in Provenance, a Traditional Neighborhood Development. Designed in 2017, these townhomes feature high-end finishes such slate courtyards, handmade gas lights, quartz countertops, handmade porcelain tile, and wood flooring. Wet bars, large pantries, utility rooms, and remote main bedrooms are features of most floor plans, which are sought after in this size range; homes range from 1,735 to 2,375 sf. The development offers a combination…

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Job Growth Slows in September

Job growth slowed in September as the Fed raises interest rates aggressively to fight inflation, but the overall labor market remains tight. The unemployment rate edged down to 3.5% as the number of persons in the labor force decreased by 57,000 in September. Total nonfarm payroll employment increased by 263,000 in September, following a gain of 315,000 in August, as… Read More ›

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Trilith

The Town at Trilith is a 235-acre master-planned residential and mixed-use project in south metro Atlanta, adjacent to Trilith Studios. Envisioned as a gathering place for creatives, artists, storytellers, and makers, this European-inspired community will include 750 single-family homes, 600 multi-family lofts, 300 hotel rooms and 270,000 sf of restaurants, retail, office, and commercial space. The residential neighborhoods at Trilith comprise the largest geothermal community in the United States, with 51% of the development dedicated to green space that is…

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Inspiration on the Drawing Board: Warner Red Hill

Warner Red Hill celebrates Santa Ana’s industrial heritage, promoting an enriched and diverse culture, healthy community living, and thriving regional economy. The site comprises four distinct neighborhoods, retail, and an energetic mix of public and private amenities, and community gathering space. At the gateway sits Market Hall, a carefully curated experience featuring local restaurants and food concepts that reflect Santa Ana’s unique identity. Residents and visitors can also enjoy local bands and art exhibits, grab a craft brew, and visit…

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