During the third quarter of 2023, availability loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers.  Each of the surveys produces a net easing index that is positive when credit is easing and negative when credit is tightening. In the… Read More ›

According to the Federal Reserve Board’s November 2023 Senior Loan Officer Opinion Survey (SLOOS), lending standards tightened for all commercial real estate (CRE) loan categories and most residential real estate (RRE) categories in the third quarter of 2023. Moreover, demand for RRE and CRE loans weakened across all categories over the quarter. A higher net percentage of banks reported tighter… Read More ›

Gene C. Dreyfus, Class of 2013* Founded in 1963, The Childs Dreyfus Group (CDG) provides professional interior design services for projects throughout the United States, Europe and the Caribbean. With an emphasis on mixed-use, multifamily, student housing, hospitality and high-rise developments, CDG has created sophisticated interiors that focus on connecting local culture and the needs of each demographic. Arthur “Art” C. Danielian, FAIA, Class of 2018 Over the 55-plus years of his career, Art Danielian has truly made his mark…

Architecturally organic, this kitchen space utilizes contemporary design, a collection of minimalist materials that are repeated throughout both the home’s interior and exterior, and a custom-designed natural stone fireplace and stainless hood to accomplish a simple yet stunning aesthetic and design excellence. The space was centered around the desire to achieve a sophisticated, high-style kitchen that incorporated a cozy gathering place for family and friends. The open floor plan for this space allows the kitchen island to serve as a…

Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.4% of new and existing homes sold between the beginning of July and end of September… Read More ›

Median square foot prices (excluding record-high improved lot values) for new for-sale single-family detached (SFD) homes started in 2022 increased 18%, according to NAHB’s analysis of the latest Survey of Construction data. Increases for square foot prices in new custom SFD homes were similarly high, averaging 19%, more than double the US inflation of 8% registered by the CPI the… Read More ›

Residential component in first phase of a 2-phase development plan to fulfill the specific plan for a mixed-use, walkable community with truly accessible public gathering spaces on one of the largest remaining developable properties in Los Gatos designed in response to extensive community outreach over several years. 76 of the 253 homes are bungalows, providing a single-family style option. Design reflects the town s agrarian roots through community gardens and parklets while bold, contemporary architecture that uses distinctive materials and…

Consumer credit outstanding growth slowed to 0.4% in the third quarter of 2023 (SAAR) according to the Federal Reserve’s latest G.19 Consumer Credit report, as revolving debt grew 8.6% and nonrevolving debt declined 2.4%. On a monthly basis, revolving credit outstanding increased just 3.0% in September after surging 14.6% in August (SAAR). Total consumer credit outstanding stands at $4.98 trillion… Read More ›

Per the Mortgage Bankers Association’s (MBA) survey through the week ending November 3rd, total mortgage activity increased 2.5% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell 25 basis points to 7.61%. The FRM rate has decreased by 6 basis points over the past month but has hovered between 7.5% and 8.0% for six consecutive weeks…. Read More ›

Porches have been a popular home feature, consistently ranking in the top 10 in the NAHB surveys of recent and prospective home buyers published in What Home Buyers Really Want.  And porches remain as popular as ever specifically on new homes, according to NAHB tabulation of the latest Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial… Read More ›