Located along the Potomac River in historic Old Town, this new community was designed to provide unprecedented waterfront access offering 70 condominiums, 26 townhomes, onsite dining, concierge, fitness center, pet spa, new promenade, revitalized pier with café, and more. One of the most unique community features is the innovative site planning and design. The 26 townhomes facing Old Town’s historic streets have classically inspired architecture, blending with the surrounding neighborhoods historic character. While the condominium building façades facing the river…

During the third quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. To analyze credit availability, responses from the NAHB survey are used to construct a net easing index, similar to the net easing index based on the Federal Reserve’s survey… Read More ›

The client wanted a home for informal entertainment both indoors and out, centered around enjoying the pool area, easy access to the boat at their private dock, and enjoying the preparation of food and dining, along with a great selection of wines. One enters the home in an all-glass gallery with views of the resort-like zero edge pool and the Intracoastal Waterway beyond. To the west of the gallery are the public spaces of the home; to the east is…

Elevated interest rates, stubbornly high building material costs and declining affordability conditions that are pushing more buyers to the sidelines continue to drag down builder sentiment. Builder confidence in the market for newly built single-family homes posted its 11th straight monthly decline in November, dropping five points to 33, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing… Read More ›

The prices of building materials decreased 0.2% in October (not seasonally adjusted) following a 0.5% decline in September according to the latest Producer Price Index (PPI) report. The index has decreased four of five months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, was led 0.2% higher by prices of diesel fuel (+9.5%)… Read More ›

The way we live and work has changed, drastically for many, in the past 3 years. Going forward, a community amenity needs to be more than a clubhouse with restrooms by the pool. When deciding where to buy a home, buyers are looking for a community that can meet all of their new needs.  •             They have pandemic pets.  •             They need a space to work outside the house, but within their communities.  •             Even as gyms have opened back…

Over the first nine months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 800,424. On a year-over-year (YoY) basis, this is 7.4% below the September 2021 level of 864,184. Year-to-date ending in September, single-family permits declined in all four regions. The South posted a modest decline of 5.4%, while the Midwest region reported the steepest… Read More ›

As a previous post has shown, the share of new homes with patios increased for the sixth year in a row in 2021, to a post-2004 high of 63.0 percent  At the same time, the share with decks was trending in the opposite direction, declining for the fifth year in a row to a post-2004 low.  Of the roughly 1.1… Read More ›

1351 C Street is a noteworthy 5-bed, 4.5-bath townhouse with 2-car parking and abundant outdoor space that’s as stylish as it is inviting. This comprehensive home can be lived in as one or two units and is all above-grade, giving the homeowner ultimate flexibility. The first floor can be used as a home office, kids area, in-law suite, Airbnb, or long-term rental unit, based on whatever suits the homeowner’s lifestyle. The home’s flexible floor plan provides the perfect space for…

This vibrant 80-unit affordable housing community for veterans, developmentally disabled residents, families at risk for homelessness, and very low-income families, was forged through nonprofit community partnerships and established in one of Orange County’s most prosperous neighborhoods. Delivering quality design rivaling its market-rate neighbors, the affordable community features an efficient “big house” multifamily concept resulting in three, elevator-accessible 4-story buildings. The garden-style apartments complement the scale of the surrounding community while delivering maximum allowable density. The Mediterranean architectural vernacular mirrors that…