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/
Read MoreYear: 2023
10/27/2023 – MetroIntelligence Economic Update by P. DUFFY
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.…
Read MoreHomebuilder Stocks Are Having A Good Year Despite Mixed Macros
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
Read MoreYounger Buyers To Be Entering Housing Market Soon
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
Read MoreAll-Cash Share of New Home Sales Climbs in Q3
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/
Read MoreNorth American Lumber Prices Trendline Normalizes
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/
Read MoreFed Chairman Signals a Possible Pause on Rate Hikes
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
Read MoreHunter’s Point Residential Community in Florida Pursues Net Positive Power Gobuty, the 62-year-old founder and president of the Sarasota-based residential developer Pearl Homes, isn’t posting selfies on Instagram. He’s not … Read More USGBC https://www.usgbc.org/articles/hunter-s-point-residential-community-florida-pursues-net-positive-power
Read MoreO.C. Sustainability Decathlon Provides a Sneak Peek at a Zero-Net Future, Created by Youth
O.C. Sustainability Decathlon Provides a Sneak Peek at a Zero-Net Future, Created by Youth In the world of college coursework, designing and building a modular house that can accommodate an entire family without creating any carbon emissions sounds like a steep ask… Read More The Daily Pilot https://www.latimes.com/socal/daily-pilot/news/story/2023-10-21/first-ever-o-c-sustainability-decathlon-provides-a-sneak-peek-at-a-zero-net-future
Read MoreYour Guide to Green Architecture
Your Guide to Green Architecture Green architecture is hardly a new concept, but it’s one that’s cultivating increased attention. At its core, green architecture is a philosophy that revolves around building structures with minimal impact on the… Read More Chase https://www.chase.com/personal/mortgage/education/owning-a-home/green-architecture
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