Month: October 2023

New Home Offerings Revealed at Three Jacksonville Metro Locations Century Communities announced new homes are now selling at three communities in the Jacksonville Metro area: Concourse Crossing; Tierra Chase; and The Landings at Pecan Park. Read More West Orlando News https://westorlandonews.com/new-home-offerings-revealed-at-three-jacksonville-metro-locations/

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Where Timeless Elegance Meets Modern Functionality Step into a world of architectural brilliance with the Hanover, a saltbox style home plan that redefines family living. This two-story marvel sprawls across an impressive 2717 sq. ft… Read More PR Underground https://www.prunderground.com/associated-designs-the-hanover-where-timeless-elegance-meets-modern-functionality/00319502/

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Igniting Health and Wellness in the Home The University of Illinois conducted an experiment involving 60 adults tasked with playing a game under high-pressure and no-pressure conditions, both with and without the presence… Read More Cision https://www.prnewswire.com/news-releases/igniting-health-and-wellness-at-home-301967547.html

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Why ‘Coastal Grandpa’ Is the Hottest Design Trend for 2024 While we love the breezy living vibe of coastal grandma–especially for summer–the change of seasons has us ready for more patterns, depth, and moodiness. Read More Veranda https://www.veranda.com/home-decorators/design-trends/a45628020/coastal-grandpa-design-trend-2024/

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MetroIntelligence Economic Update by P. DUFFY New home sales jump 12.3 percent in September and 33.9 percent year-on-year Sales of new single‐family houses in September 2023 were at a seasonally adjusted annual rate of 759,000, up 12.3% from August and 33.9% year-on-year. The median sales price of new houses sold in September 2023 was $418,800, down 3.3% from August and 12.3% year-on-year. The average sales price was $503,900, down 3.6% from August and 4.9% year-on-year. The seasonally‐adjusted estimate of new houses for sale at the end of September was 435,000.…

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Homebuilder Stocks Are Having A Good Year Despite Mixed Macros Building supply companies, and home builders such as Pulte Group (NYSE:PHM) and Lennar (NYSE:LEN) fared well thus far in 2023, rising by 23% year-to-date. Read More Trefis https://www.trefis.com/articles/552196/homebuilder-stocks-like-lennar-are-having-a-good-year-despite-mixed-macros-whats-next/2023-10-25

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Younger Buyers To Be Entering Housing Market Soon First-time purchasers only made up about one-quarter of those who bought homes last year — compared to 34% the year before that — and the typical buyer was 36 years old… Read More Streetwise Reports https://www.streetwisereports.com/article/2023/10/25/more-younger-buyers-could-be-entering-housing-market-soon.html

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All-Cash Share of New Home Sales Climbs in Q3 After declining each of the two prior quarters, the share of cash purchases surged from an upwardly revised 7.1% of new home sales in Q2 to 9.2% in the third quarter of 2023. Read More Eye On Housing https://eyeonhousing.org/2023/10/all-cash-share-of-new-home-sales-climbs-in-q3/

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North American Lumber Prices Trendline Normalizes After three years of extreme volatility and many unknowns, North American construction framing dimension softwood lumber price trendlines started to normalize during 2023. Read More Lesprom https://www.lesprom.com/en/news/North_American_lumber_prices_trendline_normalizes_110178/

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Fed Chairman Signals a Possible Pause on Rate Hikes Federal Reserve Chairman Jerome Powell has signaled that the central bank is unlikely to raise rates further unless clear signs emerge that strong economic growth could trigger a rise in inflation. Read More NAHB https://www.nahb.org/blog/2023/10/rate-hike

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