Inspiration on the Drawing Board: EO Apartments

This 15-story mixed-use residential tower delivers 273 combined studio, one-bedroom and two-bedroom units. A multilevel parking garage provides parking for both retail and residential uses. The building design predominantly features glass window walls and insulated metal panels. A syncopated rhythm of metal panels layers over the regular grid of the primary glass curtain wall to create a layered skin on the upper levels of the residential tower. The floor-to-ceiling glass maximizes daylight into the units and outward views to the…

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Custom Home Building Contracts

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building gained market share during recent quarters but experienced a notable drop for construction starts at the beginning of 2023. There were 36,000 total custom building starts during the first quarter of the year. This marks a 22% decline compared to the first… Read More ›

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Interior Design Spotlight: Harbor House

This spec home was designed with a vacation mindset. The primary design perspective of this space was all about connecting the kitchen space to the water views and allowing as much communal space as possible for friends and family to gather. The kitchen is in the center of the floor plan, and it serves as the main gathering space for the entire house. The kitchen was designed with seamless indoor/outdoor living in mind. The kitchen is open to the living…

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Existing Home Sales Retreat Amid Mortgage Rate Volatility

Existing home sales fell to three-month low in April as limited inventory and fluctuating mortgage rates continued to weight on homebuyers, according to the National Association of Realtors (NAR). With inflation continuing to ease and rent growth expected to slow, existing home sales will rebound, despite the recent declines. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops,… Read More ›

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NAHB Debuts New Index for Multifamily Activity

The National Association of Home Builders (NAHB) redesigned its Multifamily Market Survey (MMS) in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index (HMI) for single-family housing.  The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 50 for the first quarter while… Read More ›

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Townhouse Construction Cools

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the first quarter of 2023, single-family attached starts totaled 29,000, which is 19% lower than the first quarter of 2022. Nonetheless, over the last four quarters, townhouse construction starts totaled a strong 141,000 homes, which is only 3% lower than the prior… Read More ›

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Cooling for Single-Family Built-for-Rent Construction

Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 14,000 single-family built-for-rent (SFBFR) starts during the first quarter of 2023. This is almost 7% lower than the first quarter of 2022. However, strength earlier… Read More ›

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Home of the Week: Elliston

This Santa Barbara modern home has broad appeal for its classic, yet refreshing, style. The open floor plan appeals to the growing affluent family by inviting togetherness as well as designated activities. The 1-acre lot, replete with established lush hardwoods and ornamental trees, required meticulous attention to site planning in order to preserve 90% of vegetation while maximizing impervious cover and lifestyle amenities. Architect/Designer | AR Franchising, Inc.Builder | AR Homes Nashville (The Ernst Group, LLC)Interior Designer | AR Franchising, Inc.Photographer | Diana…

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Single-Family Starts Show Gradual Improvement in April

A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as builders continue to deal with high construction costs, persistent labor shortages and tightening credit conditions for construction loans. Overall housing starts in April increased 2.2% to a seasonally adjusted annual rate of 1.40 million units, according… Read More ›

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Multifamily Spotlight: Kirin

This 95-unit mixed-use residential project in Seattle’s Uptown neighborhood is designed to celebrate this burgeoning Arts & Cultural District surrounding Lower Queen Anne and Seattle Center. Three vertically clad wooden boxes cantilever dramatically over a brick backdrop, anchoring the building to the site. The pedestrian experience is reinforced by lush landscaping and a glass storefront, with street-level retail spaces designed to house restaurants and cafes. Kirin includes a sweeping rooftop garden with water and city views, and includes seating for…

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