Real gross domestic product (GDP) increased in all 42 states and the District of Columbia in 2022 according to the U.S. Bureau of Economic Analysis (BEA). Six states recorded declines while Maryland and New Hampshire reported no change. The percent change in real GDP ranged from 4.9 percent increase in Idaho to 2.4 percent decline in Alaska. Nationwide, growth in real… Read More ›

A haven for low-income families and domestic violence survivors, The Corden offers 62 affordable units, onsite service offices, common areas and biophilic elements to support residents’ health and wellness. Built on lots owned by two municipal agencies, air rights were transferred from an adjacent basketball court, which was refurbished as part of the development. The resulting eight-story, L-shaped building balances openness with privacy for a sensitive population. Large windows fill apartment interiors with natural light, while street-level privacy grilles protect…

Few styles have adapted and endured as well as the Colonial. At a time when design aesthetics are shifting transitional, the Modern Colonial was designed to feel at home in a traditional suburban neighborhood while also giving the buyers the clean, streamlined, modern aesthetic they enjoy. The simple rectangular massing is topped by a pitched gabled roof. The symmetrical façade features double-hung windows and canopied central entrance. However, upon closer examination, the oversized manmade clapboard contrasts against vertical shiplap siding.…

According to NAHB analysis of Federal Deposit Insurance Corporation (FDIC) data, large banks (assets greater than $10 billion) have increased their share of the residential construction loan market above pre-Great Recession levels in recent years. A 1-4 family residential construction loan is used for residential 1-4 family construction and land development. The majority of 1-4 residential construction loans are still… Read More ›

According to the 2021 American Community Survey (ACS), 23% (or close to 2.5 million) of workers employed in construction are self-employed. This is a whole percentage point higher than the share of self employed in construction in 2019, before the pandemic rattled the labor market. Even though the Covid-19 pandemic boosted self-employment across all industries, construction self-employment rates remain significantly… Read More ›

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022 (not seasonally adjusted).[1] State and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021. The 6.9% annual increase is the largest since property tax receipts climbed 9.3% in… Read More ›

With its modern vibe harkening back to Palm Springs style, Stone Radius is sited so that almost every room has a view of Camelback Mountain. Graceful in form, the residence is designed to mimic the radius of the circular cul de sac on which it lives. Only a handful of walls in the three-bedroom residence are straight. Instead, an almost imperceptible curve defines the home. A generous primary suite begins with an office/sitting/TV area outside the bedroom where the home…

Consumer confidence rose slightly following two months of declines thanks to the optimism in the short-term outlook. Even though confidence rose in March, consumers are planning to spend less on highly discretionary categories such as concerts and dining. As a result, consumers are planning to spend more on less discretionary categories such as home maintenance and repair. The Consumer Confidence… Read More ›

Nonfarm payroll employment increased in 44 states and the District of Columbia in February compared to the previous month, while five states lost jobs. Oklahoma remained unchanged. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 311,000 in February, following a gain of 504,000 jobs in January. On a month-over-month basis, employment data was strong… Read More ›

This is a community where makers, entrepreneurs and storytellers can find fulfillment in every way. Sitting at the corner of comfort and possibility, the homes are each individually designed with intention and distinct from the rest. Across the way is a filmmaking destination with 700 acres of studios and the industry’s most sought-after creators and craftspeople. Inspired by Europe’s walkable and picturesque villages, the Town at Trilith adds a modern twist and Hollywood luxury to classical architecture to create a…