As builders quickly ramp up building of apartments across the country to
meet rising demand, vacancy rates are starting to rise. That could help
limit rent increases in 2015, according to economists with the CoStar
Group. The economists predict rent growth to slow to below 2 percent in 2015
as the multifamily market increases construction. They say apartment
vacancy rates will rise in 46...
The State of Texas is moving forward with a targeted crackdown on the
practice of worker misclassification, which some in the construction
industry have called “a cancer." Lawmakers are going to work through the summer to figure out what more
they can do when they reconvene in a regular session in 2015.You may recall, the Texas Legislature in 2013 passed a bill to root out
(BPT) - When you're about to buy a house, it's easy to get excited about its great location, spacious floor plan or beautifully decorated interior. Yet the old saying, "beauty's only skin deep" can apply to any home, especially if you're considering an older, previously owned property. Before signing on the dotted line, use this checklist to help avoid some potentially costly surprises and anticip...
Relocated homes are a double blessing: They let buyers fulfill the dream of home ownership by picking up a house for next to nothing, and they keep old homes out of the landfillBuying a home from a “used home lot” will only cost you $1, but the delivery fee can range from $15,000 to $60,000. Image: Wolfe House and Building MoversThis may be the ultimate in reusing and repurposing materials, a...
Sales of single-family homes were on the rise for the third consecutive
month, but the sector’s recovery remains gradual due to stagnant wage
growth, housing analysts say. New-home sales rose 0.7 percent over September’s revised pace down.
New-home sales in October reached a seasonally adjusted annual rate of
458,000, according to the Commerce Department’s latest report.
The Wounded Warrior Home Project uses universal design to help disabled vets live independently.The Wounded Warrior Home Project will include 21 single-family homes designed to be comfortable and accessible for soldiers wounded in Iraq or Afghanistan. Image: Michael Graves & AssociatesWe’re boosters of ageless design (aka universal design), the common-sense features that let home own...
There’s a hot debate brewing over hurricane shutters. It boils down to curb appeal vs. home protection. Both sides have valid points. What’s yours?A community in Florida is considering allowing neighbors to keep hurricane shutters on their windows all hurricane season long. Image: StormShutters.com/DecorativeShutters.comProtect your property from occasional killer storms? Or protect your prop...
Homebuilders offer new ideas for additions that make room for more family members.Lennar, the home builder, is selling a new multigenerational house in Irvine, Calif., that I would have loved to live in 10 years ago when I was sandwiched between a mother with Alzheimer’s and a toddler daughter.Lennar’s floor plan shows a neat way you can add on to the typical traditional home to make room for...
Homebuilding did not get off to a good start in 2014. David Crowe,
chief economist for the National Association of Home Builders, blames
the harsh winter that plagued many states east of the Rockies for
bringing homebuilding to a virtual standstill at the beginning of the
year. A sluggish economy didn't help either, he noted.
As such, housing production is not making much advancement in 2...
Friendswood Development Company’s newest master-planned community: Tavola. Meaning gathering place in Italian, Tavola is
nestled within acres of woods filled with miles of greenbelt trails, serene
lakes and breathtaking views. With
immediate access to US 59 and the future Grand Parkway expansion, Tavola’s
convenient location caters to major employment centers incl...
Today’s housing market offers opportunities and challenges. We sort out the latest trends for you in our weekly news roundup.So far the summer months have brought more than just sunny days and heat waves. Housing trends show promise — homes are selling more quickly, there are fewer distressed properties, and values are going up thanks to tight inventory. But that also means millennial buyers are s...
There is a great new neighborhood coming to Northeast Houston
nestled in “the woods”. The Groves is
located about 2 miles south of 1960 on Lake Houston Parkway in Northeast
Houston. The Groves is master planned by
Crescent Communities. The community is
built around nature so many of the native trees are being preserved. Those that are cut down are being
Marianne Cusato, designer and author of Just the Right Home
(Workman Publishing Co., 2013), has spent years talking to home owners
about their homes and recently talked with BUILDER online about a common
topic: buyer’s remorse.“Financial surprises are at the heart of most regrets,” Cusato says.
“Hidden expenses beyond the monthly mortgage are typically to blame for
the surprises. The exp...
In the third quarter, nearly 17 percent – or 59 of 350 metros -- returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index. That represents a year-over-year gain of seven markets on the index. “The markets are recovering at a slow, gradual pace,” says NAHB Chairman Kevin Kelly. “Con...
Life in suburbia is finally beginning to get some respect. Hofstra University on Long Island, home to Levittown, the original suburb, runs the National Center for Suburban Studies, aimed at advancing public consideration of suburban living. Additionally, Johnson County, Kansas, is moving forward with a National Museum of Suburban History. Officials behind the effort say that with 50 percent o...