Existing Home Sales Slide to 6-Month Low

Existing home sales in July fell to the lowest level since January as limited inventory and higher mortgage rates continued to weight on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the first year-over-year price increase since January. Total existing home sales, including single-family homes,… Read More ›

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Design in the 2010s: A Decade of Innovation and Individuality

The 2010s marked a transformative decade for interior design, witnessing the emergence of innovative concepts and a celebration of individuality. This era redefined the way decorating homes is approached. Sustainability Takes Center Stage: In the 2010s, environmental consciousness drove a significant shift towards sustainable and eco-friendly interior design practices. Homeowners and designers alike sought out materials with minimal ecological impact, embracing recycled and upcycled elements. Sustainable choices in furnishings, energy-efficient appliances, and green building techniques became paramount, aligning homes with…

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Community of the Week: Hartness

Hartness, a 449-acre tract, sits in the foothills of the Blue Ridge mountains near downtown Greenville, S.C. It is a traditional neighborhood development, emphasizing community connection, walkability and abundant green space. It incorporates New Urbanism-inspired memorable building designs, a resilient town center, and a haven for pedestrians. There are currently 99 occupied homes, 31 custom homes and 48 spec homes under construction, though Hartness is entitled for 750 residential units. Each house, of all sizes, supports the urbanistic goals of…

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New High Share for Multifamily Built-for-Rent

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the second quarter of 2023. For the second quarter, 138,000 multifamily residences started construction. Of this total, 135,000 were built-for-rent. The market share of rental units of multifamily construction starts reached an all-time high of almost 98% for the second quarter as… Read More ›

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Market in Focus: Georgia Population Growth Bounces Back After Low Growth in 2021

Between 2021 and 2022, the state of Georgia gained 124,827 residents. This was the fourth largest population gain in the U.S. and one of only four states to have a nominal population increase above 100,000. In percentage terms, Georgia’s population grew at 1.2% between this time. This was the state’s highest percentage increase in population since 2016. Georgia’s population has… Read More ›

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2019 WOW Award: Ahana

View more images in the gallery. Photography by Nic Lehoux Photography Architect/Designer | Solomon Cordwell BuenzBuilder | Albert C. Kobayashi, Inc. Developer | The Howard Hughes Corporation Combining history, context, and culture, Anaha is an extraordinary example of contemporary place-making. The tower begins the implementation of Ward Village, the nation’s largest LEED-ND master plan. The 40-story tower creates 318 condominium homes that helped to transform the previously industrial district into a 24-hour, mixed-use community. The tower’s undulating form is inspired by the island’s…

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Single-Family Home Size Moves Lower to More than a Decade Low

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower. According to second quarter 2023 data… Read More ›

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Employment Situation in July: State-Level Analysis

Nonfarm payroll employment increased in 36 states in July compared to the previous month, while 14 states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 187,000 in July, following a gain of 185,000 jobs in June. On a month-over-month basis, employment data was strong in Florida, which… Read More ›

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Outdoor Living: Virginia Elegance

This summer kitchen was designed more as an outdoor room, incorporating a space for a dining table and TV in addition to the typical cook space, sink and bar seating. The pool bath is conveniently adjacent to the summer kitchen, and the TV is viewable from the pool. Special design elements include a custom hood, niches for hanging plants, wood ceiling and a stylish louvered patio cover. It is a comfortable, functional and beautiful space for relaxing outside in the…

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BALA Celebrates Inductees Taylor Morrison, The Green Company & Pritchard Cooke

Taylor Morrison, Class of 2008 More than 200 years of combined experience and tradition are a part of every Taylor Morrison community, making the company’s legacy one of innovation, customer satisfaction and design excellence. Combining the rich histories of Taylor Woodrow and Morrison Homes, Taylor Morrison boasts numerous awards from J.D. Power and Associates, consistent top 5 finishes in customer satisfaction surveys and a Builder Magazine Hall of Fame induction, reflecting the company’s commitment to excellence. Now one of the…

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