A Kitchen for Royalty: Virginia Elegance

This elegant kitchen blends traditional design with modern elements and a nod to European luxury. Centered around a nostalgic French dual fuel range, the kitchen features a marble backsplash and custom hood, industrial pendants and open glass shelving, and two islands that offer a lot of storage within. The cabinetry is a coastal grey alder wood warmed with a black glaze. The drawers and pantry include high-end organization systems. The open kitchen is designed for entertaining with the refrigeration and…

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Mortgage Activity Increases Despite Mortgage Rate Volatility

Per the Mortgage Bankers Association’s (MBA) survey through the week ending March 3rd, total mortgage activity increased 7.4% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose eight basis points to 6.79%. The FRM rate has risen 61 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose… Read More ›

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Multifamily Spotlight: 207 & 209 8th Street NE

What sets this pair of two-over-two rowhouses apart is the way in which they manage the contradictions inherent to urban residential design, carefully balancing opposing forces such that the home owners can have their cake and eat it, too. The most obvious balancing act is that between connectivity and privacy. The organization of the four units, around a shared internal courtyard upon which the primary living spaces face, beckons a sense of community. At the same time, private gardens and…

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Single-Family Market Share Continues to Shift from Large Population Centers

While nationwide single-family housing starts have slowed in the past year, the largest drop on a percentage basis is occurring in the densest counties, due to high housing costs. Meanwhile, multifamily growth was robust throughout much of the nation at the end of 2022, with the notable exception in high-density markets, according to the latest findings from the National Association… Read More ›

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Home of the Week: The Bungalows

Kiawah River offers the rare opportunity to live in a vibrant, new waterfront community near historic Charleston, S.C. Situated on 2,000 acres and encompassing 20 miles of shoreline and an extensive trail network, the community combines residential, retail and hospitality offerings in a natural riverside setting. Nestled along a quiet creek, the Bungalows are the latest addition to Kiawah River’s diverse residential options of waterfront, wooded, and village homes and homesites. These built-for-sale one-bedroom detached homes are inspired by Lowcountry…

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Remodelers’ Average Net Profits are Down, NAHB Study Shows

Residential remodeling companies, just like any other private enterprise in a capitalist economy, exist to satisfy the demand of consumers for specific products or services in exchange for a rate of profit commensurate with the risk taken.  Companies control when they enter or exit the industry, but their financial performance is intrinsically linked to external factors, such as the number… Read More ›

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Use of Residential Energy Tax Credits Increases

In 2005, Congress established several energy-efficiency tax incentives related to housing that benefit new-home buyers and remodeling homeowners. These policies included the tax code section 25C credit for retrofitting/remodeling existing homes, and the 25D credit for the installation of power production property in new and existing homes. Taxpayers claim these residential energy credits using Form 5695. Including carryforwards from 2019,… Read More ›

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Private Residential Spending Falls Slightly in January

Private residential construction spending declined 0.6% in January, as spending on single-family construction decreased 1.7%. It declined on the eighth month in a row amid elevated mortgage interest rates. Moreover, private residential construction is 3.9% lower compared to a year ago. The monthly decline is largely attributed to lower spending on single-family construction, which has been declining since June 2022…. Read More ›

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