Community of the Week: Waterston North

A beautiful new home community located in the southern part of Gilbert in Phoenix’s coveted East Valley area, Waterson offers modern luxury and versatility at the forefront with a range of design style, price and size options. With a 7-acre Central Park, grand ramada and lake, the community overflows with opportunity for outdoor lovers of all ages. With the generous homesites offering some of the best backyards in the East Valley and its close proximity to local paradises such as…

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Increasing the Market for Green Building

Building upon our exploration of green building trends, major practices, and resilience strategies based on The Building Sustainably: Green & Resilient Single- Family Homes 2024 SmartMarket Brief, this article now shifts focus towards ways to increase green building within the housing market.    Top Incentives to Build Green  The survey asked all respondents to select the…

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Student Housing Construction Dips in the First Quarter of 2024

According to the data released by Bureau of Economic Analysis (BEA), private fixed investment in student dormitories edged down 0.1% to a seasonally adjusted annual rate (SAAR) of $4 billion in the first quarter of 2024, after a 2.3% increase in the prior quarter. Private fixed investment in dorms was 10.4% higher than a year…

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A Kitchen for Royalty: Up and Away

The south side of the house faces Phoenix’s most iconic landmark, while its north side offers panoramic beauty with Mummy Mountain and the Phoenix Mountain Preserve spanning the horizon. Because of these distinctive formations, almost every space in the house has a killer view. To make the best of the front yard, the front of the house incorporates floor-to-ceiling windows that capture Camelback Mountain from the living room, kitchen and office. Because the owners work from home, their shared office…

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Personal Saving Rate Falls to 3.2% in March

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.5% in March, up from a 0.3% increase in the prior month. Gains in personal income are largely driven by increases in wages and salaries. As spending outpaced personal income growth, the March personal savings rate dipped to…

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How Rising Costs Affect Home Affordability

NAHB recently updated its 2024 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that affordability is a serious problem even before any further price or interest rate increases. Already in 2024, 103.5 million households are not able to afford a median priced new home ($495,750[1]). This…

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U.S. Economic Growth Slows in First Quarter

Compared to the fourth quarter of 2023, the U.S. economy grew at a noticeably slower pace in the first quarter of 2024 due to an increase in the trade deficit and weaker inventory investment. But it was still on solid ground supported by consumers, the government, and the housing industry. Meanwhile, the data from the…

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2023 BALA Winners: The Best of the Best

By Pro Builder Magazine From stylish custom homes to a mixed-use infill project in Music City, these four award-winning projects from the 2023 Best in American Living Awards. (BALA) exemplify the tenets of outstanding housing and community design. Scroll down to be inspired.  Continue reading at : 2023 BALA Winners: The Best of the Best | Pro Builder The post 2023 BALA Winners: The Best of the Best first appeared on Best In American Living.

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All-Cash Sales Dropped to Lowest in 3 Years

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the share of new home sales backed by VA loans climbed substantially in the first quarter of 2024, while all-cash sales share fell by nearly 30%. However, the median purchase price of homes bought with cash continued to increase in…

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