The count of open, unfilled jobs for the overall economy declined in October, falling from 10.7 million open positions to 10.3 million. This represents a small decrease from a year ago (11.1 million), a sign the labor market is slowing in response to tighter monetary policy. The degree of this slowing will be critical for a potential downshift in the… Read More ›
Sponsored Content By Westlake Royal Building Products Often referred to as a nice finishing touch or “icing on the cake,” interior trim & mouldings have historically not gotten the attention and recognition they deserve in pulling a design aesthetic together. But thanks to an increasing number of passionate interior design influencers around the country, everyone from pros to enthusiastic DIYers are beginning to really appreciate the power of trim as an essential element in fully expressing home design. High Style…
This modern Scandinavian-inspired home is clad in a custom-stained western red cedar siding that contrasts well with the galvalume metal roof. The open concept single-level living floor plan of the home consists of 4 separate barn-like structures dedicated to working, storage, living, and sleeping. Connection by glass breezeways contributes to a feeling of expanse within a surprisingly moderate footprint. A singular white finish, minimalist trim details, and large picture windows keep the focus on the views the homeowners desired from…
Home prices declined for the third straight month in September as the housing market continues to cool. In September, all 20 metro areas experienced negative home price appreciation. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, fell at a seasonally adjusted annual growth rate of 8.7% in September, following a 6.4% decline in… Read More ›
Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows the share of new homes with a two-story foyer decreased in 2021. For 2021, most new single-family homes were built without a two-story foyer nationally and regionally. According to the Census, a two-story foyer is defined as the entranceway inside the front door of… Read More ›
New home sales rebounded in October despite higher mortgage rates, likely due to low existing home inventory and builders using incentives to attract buyers to the new home market. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in October at a 632,000 seasonally adjusted annual pace, which is… Read More ›
The clients initially asked for a kitchen and sunroom update. The existing sunroom had been added over a deck and was unsafe and unstable. But the small update turned into a whole house remodel as the conversation became a series of “what if” questions. As construction started, major structural problems were discovered, and all the exterior walls were stripped down to the studs to make things right. Electrical and mechanical systems were totally replaced at the same time. The clients…
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 of time… Read More ›
Nestled behind a row of hedges within the coveted Southampton Village, The Latch merges expansive private homes with lock-and-leave convenience. Designed at the start of the 20th century as a hotel adored by locals and celebrities, The Latch embarks on its next chapter with a new residential collection. Homeowners can enjoy everything the exclusive resort neighborhood has to offer, from a spacious and private retreat without the hassle of managing or renovating an estate home. Across five sweeping acres sit…
According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2022. At 141,000 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 increased to 97% as the already small condo… Read More ›