Existing Home Sales Up Slightly in May

After two consecutive monthly declines, existing home sales saw a modest increase in May as mortgage rates were relatively steady in April, according to the National Association of Realtors (NAR). However, elevated mortgage rates and limited inventory continued to weight on homebuyers. Low resale inventory and strong demand have contributed to the recent increases in new home sales. Total existing… Read More ›

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Home of the Week: Stone Radius

With its modern vibe harkening back to Palm Springs style, Stone Radius is recognizable by its low, linear architecture, distinctive white limestone cladding and soft-arching curvature. Located in Paradise Valley, Ariz., the 6,200-square-foot home 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,…

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Consumer Confidence Rebounds in June

Consumer confidence in June rose to its highest level in 17 months as recession concerns eased. However, spending plans were mixed. Vacation intentions continued to improve, while the intention to buy homes and big-ticket appliances cooled further due to elevated mortgage rates. This shift in consumer preference from goods to services is likely to continue this year. The Consumer Confidence… Read More ›

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Inspiration on the Drawing Board: Bleeker Residence

The Bleeker Residence is a historic preservation project in Aspen, Colo., that preserves, deconstructs and restores the existing home to revitalize its 1904 image while addressing the requirements of today with modern construction to provide a thriving home for the foreseeable future. Historic preservation comes at a cost. It is no simple feat to deconstruct more than 50% of the existing structure—deemed historically insignificant—in order to reconstruct and preserve the architecture of more than a century ago, all the while…

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Get Ready for BALA: Take Pictures

Photography is an important element of the Best in American Living Awards – it lets you showcase the special elements, details, design features of your homes/rooms, so make sure the photos are clear and show what you want them to show.  All applicants are allowed up to 15 professional-quality, high-resolution color photos. All submitted images must accurately and truthfully reflect the project design. Brief captions detailing what is shown are highly recommended. Finally, applications cannot be completed without agreeing to…

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Private Residential Construction Spending Rises in May

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 2.2% in May, as spending on single-family homes increased 1.7%. However, total private residential construction spending is still 11.6% lower compared to a year ago. The total construction monthly increase is largely attributed to more spending on single-family construction, It is consistent with the solid gains… Read More ›

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Get Ready for BALA: Start to Assemble Documents

Although the Best in American Living Awards (BALA Awards) application process is easy, it requires gathering some documents and information before starting. In addition to submitter and design team information, applicants are required to craft a design statement, and upload representative site and floor plans and photographs. When crafting the design statement, be sure to include the inspirations and/or challenges faced when putting pen to paper.  What special features were preserved or highlighted?  How is the design different from all…

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