According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2023. For the quarter, 104,000 multifamily residences started construction. Of this total, 101,000 were built-for-rent. The market share of rental units of multifamily construction starts was near an all-time high of 98% for the third quarter as the… Read More ›

Jack Bloodgood, Class of 2008* Perhaps more than any other architect of the late 20th century, Jack Bloodgood was responsible for bringing a design sensibility to mainstream housing. A product of architect-built housing in Westchester County, north of New York City, he set out to proliferate the concept of lifestyle-oriented merchant-built housing and neighborhood planning. Bloodgood’s designs incorporated outdoor living spaces and family rooms, among other modern floor plan features, as well as neighborhood models with narrower streets and a…

Resting in the middle of a pine forest alongside a golf course in the panhandle of Florida, this understated, empty-nester vacation home provides a relaxed and welcoming atmosphere, while providing a clear differentiation between public and private spaces. The front elevation faces the golf course and is accessible only by a private pathway that connects to the other homes in the area.  The back of the home, with its car park area and enclosed garden space, is the entrance most…

An expected impact of the virus crisis was 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 2023, and housing affordability worsened, the demand for home size has trended lower. According to third quarter… Read More ›

Existing home sales in October fell to the lowest level since August 2010, as limited inventory and higher mortgage rates continued to weigh 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 fourth consecutive month of year-over-year median sales price increase. However, recent declines… Read More ›

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates a slowing market for custom home building after a recent gain in market share. There were 50,000 total custom building starts during the third quarter of the year. This marks an almost 17% decline compared to the third quarter of 2022, consistent with weakness experienced… Read More ›

Nonfarm payroll employment increased in 25 states in September compared to the previous month, while 22 states lost jobs. The District of Columbia, North Dakota, New Mexico, and Virginia reported no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 150,000 in October, following a gain of 297,000 jobs in September. On a month-over-month… Read More ›

Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions, leading to flat construction conditions after recent gains. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 17,000 single-family built-for-rent (SFBFR) starts during the third quarter of 2023. This is more than 6% higher… Read More ›

The design team strove to honor the legacy of the site of one owner’s childhood home, down to keeping the magnolia tree planted by the owner’s parents as the center piece of the back garden while creating a modern family home for this new generation. High ceilings and warm wood tones soften the crisp modern architecture. Entering the home, one is greeted by a stair hall that is bathed in light on two sides and forms the circulation core of…

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in 16 years. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2023, single-family attached starts totaled 43,000, which is 16% higher than the third quarter of 2022. This represents an acceleration… Read More ›