Nestled in the Gallatin Valley and surrounded by the Bridger, Gallatin and Spanish Peak mountains is Penrose, Montana’s newest modern living experience that seamlessly blends contemporary design and outdoor adventure. Located in Bozeman’s sought-after southside, Penrose offers views and lifestyle that are inherent to what draws people to live in Bozeman. This location offers convenient access to the area’s best hiking, biking and outdoor amenities, along with being within walking distance to Montana State University. The 60-unit, three-story development drew…

Per the Mortgage Bankers Association’s (MBA) survey through the week ending April 7th, total mortgage activity increased 5.3% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell ten basis points to 6.30%. The FRM rate has fallen 41 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose… Read More ›

This 8,000-square-foot new construction home was designed to fit contextually into the North Center community of Chicago. It was designed to respond to the client’s design program, which was to provide comfortable living spaces, privacy, generous outdoor spaces, and facilities to accommodate their children’s active lifestyles. The goal was also to design a beautiful home that fit within the neighborhood. The resulting design provides for the family’s active lifestyle, with an indoor kids’ climbing and gymnastics room, a gym and…

Consumer prices in March saw the smallest year-over-year gain since May 2021 with a ninth consecutive month of a deceleration. While the shelter index (housing inflation) experienced its smallest monthly gain since November 2022, it continued to be the largest contributor to the total increase, accounting for over 60% of the increase in all items less food and energy. The… Read More ›

The Regency at Montaine Clubhouse was carefully crafted to utilize and create an asset out of its biggest challenge: topography. The resulting walkout design nestles the club into the hillside, maximizes views, and creates an iconic campus overlooking the mountains. The team overcame hurdles of fitting enough parking, programming space for tennis and pickleball, and connecting upper-level outdoor living with the walkout event lawn and pool in an accessible and beautiful way. The design team thoughtfully unified architecture and landscape…

According to the Federal Reserve’s latest G.19 Consumer Credit report, total consumer credit outstanding totaled $4.78 trillion in February, a decrease of $12 billion over the month but $300 billion higher than February 2022. Nonevolving credit outstanding increased $1.0 billion while the level of revolving debt—primarily credit card debt—fell $13.0 billion over the month. Revolving debt outstanding has declined two consecutive… Read More ›

Whisper Valley is a 2,063-acre master planned community (MPC) that, at buildout, will include 7,500 square feet, multifamily residences, retail/restaurant, office, three schools, a transportation hub, parks and amenities. It is the largest sustainable community in the nation focused on energy efficiency, technology, the environment, healthy living and attainability. The community features an innovative geothermal energy supply system as the basis of a comprehensive program that allows home builders to use their existing plans and vendors to build zero-energy capable…

Average hourly earnings for residential building workers* continue to rise in February 2023 but at a slower pace. Wage growth has retreated below or close to 3%, from the highest rate of 2021. Labor market data indicate that business hiring is softening as the economy shows signs of weakening. According to the Bureau of Labor Statistics (BLS) report, average hourly… Read More ›

Job growth slowed in March, along with higher interest rates and increased economic uncertainty. After a revised 326,000 job gain in February, total nonfarm payroll employment increased by 236,000 in March, and the unemployment rate declined to 3.5% from 3.6% in February. Average hourly earnings have increased by 4.2% on a year-over-year basis. It marks the lowest wage gain since… Read More ›

Clean lines, expanses of glass and open-concept living spaces reflect the Newport’s exquisitely modern design. The home’s innovative floor plan invites contemporary living, with inspired additions such as an arrival space connecting the garage and utility room, wine storage and a walk-in pantry in the kitchen, and a spacious outdoor living area with a kitchen and fireplace. In the heart of the home, a dramatic cable railing staircase with wood stairs and upper-level walkway overlook the two-story dining room, which…