Now and Zen afforded a second life to a stucco McMansion as it was transformed into a modernist zen-like retreat. The owners found an older home on a sloping site with mesmerizing views of Camelback mountain. Before The architecture rests firmly on the hillside, grounded by limestone tablets while uplifted through expansive fenestrations and soaring roof planes with zinc fascia and Douglas fir tongue-and-groove. The zen-like retreat is firmly founded in a timeless, refined palette of natural materials including limestone…

Spurred by elevated savings early in the pandemic and encouraged by lower interest rates, rising numbers of young adults left parental homes in 2021. As a result, the share of young adults ages 25-34 living with parents or parents-in-law declined and now stands at 20.2%, according to NAHB’s analysis of the 2021 American Community Survey (ACS) Public Use Microdata Sample… Read More ›

The Latch is a 20-home luxury condominium community in the heart of Southampton Village. The developer preserved exteriors of two iconic turn-of-the-20th-century structures designed by Stanford White;, refurbished their interiors, and built new homes with complementary architectural design. The Federal Revival Period structures, cedar shingled and painted white with Dutch Colonial touches, were returned to their original splendor. The 40-room main building, previously an inn, was converted to two townhomes; adjacent Terry Cottage remains a single-family home. The newer homes…

The Census Bureau’s latest Survey of Construction (SOC) shows slight changes in the number of full and half bathrooms for new single-family homes started in 2021 compared to 2020. The current data shows that 3.1% of new single-family homes started had one full bathroom or less, 62.6% had 2 full bathrooms, 27.0% had 3 full bathrooms and 7.3% had 4… Read More ›

Continuing its tightening of financial conditions to bring the rate of inflation lower, the Federal Reserve’s monetary policy committee raised the federal funds target rate by 75 basis points, increasing that target to an upper bound of 4%. This marks the fourth consecutive meeting with an increase of 75 basis points and pushes the fed funds rate to a 15-year… Read More ›

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 66% in the third quarter of 2022, which is statistically unchanged from the last quarter reading (65.8%). It is 0.6 percentage points higher than the rate in the third quarter of 2021. The national rental vacancy rate rose to 6%, while the homeowner vacancy rate inched up… Read More ›

An earlier post revealed that a record 70% of buyers who were actively engaged in the process of finding a home in the third quarter of 2022 have spent 3+ months searching for a home without success. Those buyers also have higher incomes and education levels than in previous quarters.  The most common reason these long-term searchers cite for not… Read More ›

This beautiful home is a world into itself. The small Chicago lot (only 2,400 sf) was used wisely to create functional indoor space with four outdoor areas—a rooftop deck, covered patio, backyard, and garage deck. This home features 4 bedrooms, 3.5 bathrooms, 2 wet bars, a gym, sauna, walk-out basement with mud room, 2 laundry areas, and ample closet space. Every detail was carefully selected and quality crafted. The luxury kitchen is designed with great attention to details and a…

Private residential construction spending was virtually unchanged in September, with spending on single-family construction dropping just 2.6%. The value of September private residential construction put in place was at an annual pace of $918 billion, about 12.7% higher compared to a year ago. The monthly decline is largely attributed to lower spending on single-family construction. Single-family construction spending dropped 2.6%… Read More ›

The historic Horlick Malted Milk Company offered a complex of buildings on nearly 16 acres to be redeveloped and adapted to reenergize this area of Racine. The developer’s intent was to create a town center and draw people into a hub of activity, while providing a sense of safety and security for residents in the new market rate/affordable living spaces. Buildings identified as best suited for residential layouts were studied to find the most efficient use and rhythm of units…