NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $132 billion in taxes were paid by property owners in the second quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q2 2023, state and local governments collected $727 billion of property tax revenue—a 7.4% increase over Q2 2022. The year-over-year growth rate of… Read More ›

Edward Robson, Class of 2013 Well-regarded as one of the nation’s most successful master-planned active adult community developers, Edward J. Robson believes that building a place to live is about creating an experience. Ed’s real estate career began in 1960 with Coldwell Banker, then continued at Del Webb Corporation. By 1972, he had started his first active adult community, Sun Lakes. Ten thousand homes strong, it would go on to reach sellout success. Ed’s sharpened focus on crafting clearly defined,…

The Crown Canyon Opal residence is fully maximized for views, sunlight orientation, open space and privacy. The site allows for an encapsulating entry at the core of the canyon with 360-degree views capturing the mountain preserve and city views. Floating rooflines frame the modern expression of the design resting on the elevated hillside lot. The palette draws warmth from the canyon geology, allowing the project to blend harmoniously with the pristine desert. Architect/Designer | BedBrock Architecture featuring Stratton ArchitectsBuilder | BedBrock DevelopersDeveloper…

This 1999 Home of the Year is a classic New England shingle-style home in Bethesda, MD, that impressed the judges with its continuity of style both inside and out. The design for this spacious, yet comfortably warm domicile that welcomes friends and family alike, was heavily influenced by the builders’ wife and her desire for a house that was understated, rather than pretentious, in its elegance. The house was designed with “arms to greet you”, describing the wings which radiate…

According to the annual data from the Census Bureau’s Survey of Construction (SOC), a total of 29,000 5,000+ square-foot homes were started in 2022, down from 33,000 in 2021.  In the boom year of 2006, the number of new 5,000+ square foot homes reached a peak of 45,000.   In 2007, the number fell to 37,000.  In 2008, only 20,000 such homes were… Read More ›

These Shreveport, La., home owners designed a Low Country Coastal style home that allows them to age-in-place within the traditional neighborhood development of Provenance. The home faces Magnolia Park, a new interior park by community nature trails. The home owners downsized from a grand three-story home to this manageable house to host their kids and grandchildren without sacrificing charm and convenience by using built-ins and hidden storage solutions. The first floor features three bedrooms, two-and-a-half baths, an open kitchen and…

Lot values for single-family detached spec homes continued to rise in 2022, with the national value and six out of nine Census divisions setting new nominal records, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data. The U.S. median lot value for single family detached for-sale homes started in 2022 stands at $56,000, with half of… Read More ›

Consumer confidence saw another decline in September as consumers expressed growing concerns about the future, primarily driven by persistent inflation and expectations of higher interest rates lasting for an extended period. The Consumer Confidence Index, reported by the Conference Board, fell 5.7 points from 108.7 to 103.0 in September, the lowest level since May 2023. The Present Situation Index rose… Read More ›

An energetic couple, both retired teachers, have lived for 45 years in their Westport, Conn., home. A published photographer, the home owner has a serene and minimal style that provided project inspiration. The existing kitchen was a small, dark galley. The home owners dreamed of modern, harmonious spaces for gathering, cooking and creating dialogue between the kitchen and the landscape. A new addition boasts an open, light-filled kitchen and dining area with gliding doors to the outside. A large island…

Elevated mortgage rates and challenging affordability conditions pushed new home sales down to their weakest rate since March. Sales weakened in August with average mortgage rates above 7%. While some builders were able to offset that effect via mortgage rate buydowns, rates moved higher this month, suggesting the pace of new home sales will weaken further for September. Sales of… Read More ›