Nonfarm payroll employment increased in 46 states and the District of Columbia in July compared to the previous month while four states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 528,000 in July, following a gain of 398,000 jobs in June.  As of July 2022, the U.S. labor market is back to… Read More ›

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts surged during the second quarter of 2022. At 142,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. The market share of rental units of multifamily construction starts bounced back to 96%. In contrast, the historical low… Read More ›

A part of Related’s premier Icon brand, Icon Buckhead’s lavish approach perfectly complements a neighborhood that’s come to be known as Beverly Hills of the South, with every aspect curated to captivate the wealthy renter-by-choice demographic. Towering to 420 feet, the 35-story building was the area’s tallest tower upon completion, standing out thanks to the signature structural fin gracing its upper levels. Drawing inspiration from nearby high-end shops, all common areas are draped in royal blues and blacks and showcase…

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. During the housing boom of recent quarters, this led to a rise for new single-family home size. However, as the housing market weakens this trend appears to be reversing. According to second quarter 2022 data from the… Read More ›

As elevated mortgage rates and higher home prices weighed on housing affordability, existing home sales declined for six consecutive months, according to the National Association of Realtors (NAR). All four regions saw double-digit decline in sales from a year ago. But home price appreciation has slowed as inventory increased. The median existing home prices in July was down $10,000 from… Read More ›

Written and Sponsored by Westlake Royal Building Products  Your home’s exterior can say a lot about you and your family while also making a first impression on guests (and potential buyers). Because of the impact curb appeal has on the amount prospective buyers are willing to spend on a home, it’s important for homeowners to look beyond simply choosing the right siding color and consider different siding materials and profiles, adding accents like stone veneer and researching other exterior upgrades…

Confidence in the market for new multifamily housing was mixed in the second quarter of 2022, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB).  The MMS produces two separate indices. The Multifamily Production Index (MPI) decreased 6 points to 42 compared to the previous quarter, dragged down largely by… Read More ›

The clients were not happy with the separation between their kitchen and family room. This new design eliminated one side window and enlarged the west wall of the kitchen to allow a featured wall with a full granite backsplash, a large-scale gas stove and a custom-made wood hood above it. The north wall was home to a commercial-sized refrigerator and freezer, built-in coffee maker and microwave, and lots of pantry and storage space. A large island features a farm sink,…

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building registered relatively flat conditions for the second quarter of 2022. There were 53,000 total custom building starts during the second quarter of the year. This marks a 2% decline compared to the first quarter of 2021. Over the last four quarters, custom… Read More ›

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the second quarter of 2022 single-family attached starts totaled 38,000, which is 9.5% lower than the second quarter of 2021. Nonetheless, over the last four quarters, townhouse construction starts totaled 148,000 units, 7% higher than the prior four quarter total (138,000). However,… Read More ›