Future housing permits at their highest level in 13 years



January saw total housing starts fall by 3.6%, but economists were more focused on home building permits, which are a gauge of future house building. And what they saw left them upbeat about what could be coming, as housing permits rose to their highest level since March 2007. Even so, the dip in housing starts […]

New homes are smaller and have fewer bedrooms



New home contractors are building homes with fewer bedrooms than previously in order to cater to the demand for smaller, more affordable properties. According to the U.S. Census Bureau’s latest survey of construction firms, the number of bedrooms in the average newly constructed home in the country is falling. The amount of new single-family homes […]

How to Design a Home to Be Eco-friendly



One of the hottest topics right now in interior design and landscaping is creating spaces that are environmentally friendly. A home that reduces your carbon footprint and creates a state of health and well being is every designer’s focus. It’s an exciting yet stressful experience designing a home. However, your blank slate has endless possibilities, […]

New home sales hit 12-year high



New home sales enjoyed their best three-month performance since 2007 after seeing a big uptick in November, according to U.S. Commerce Department data published Monday. Economists say low mortgage rates and unemployment combined with strong sales growth led to the boost in sales. All told, sales of new single-family homes jumped 1.3% in November to […]

Roads are making way for housing



Large sections of major highways are increasingly being demolished in cities across the U.S. in order to make room for more housing, the Wall Street Journal reported. The trend is evident in metros including Detroit, Milwaukee, Tampa, Rochester and Portland. Highways that were once part of the interstate system are being either shutdown or repurposed […]

Decks are becoming less popular in new homes, data shows



Outdoor decks are losing popularity among home buyers, and so fewer new properties are being built with them according to the latest census data, the National Association of Home Builders reported this week. The data shows that just 22.6% of new homes built in 2018 feature decks, down a full percentage point from a year […]

Pricey building lots add to cost of new home construction



If you’re looking for the culprit behind the rising costs of new home construction, look no further than lot prices, which rose so fast that they outpaced inflation in 2018. That’s according to a new report from the National Association of Home Builders, which said the average lot price that year reached $49,500, a record […]

How Are Home Builders Shifting With Trends in 2019?



2018 was a difficult year for the home building industry. The recent decline in mortgage rates has encouraged an increase in the number of people building new homes. Despite this, the demand for new houses in 2019 has far exceeded supply, with many home builders unable to keep up. This is due to factors such […]

New home prices tumble in September



Median prices for newly built homes dropped significantly last month, but not because builders are offering any special discounts or deals. Rather, the drop came due to a greater mix of price points builders are now selling at, CNBC reported. The median price of a new home was $299,400 in September, down 8% from the […]

Housing starts decline, but builders say they’re okay with it



Housing starts fell by a fairly alarming 9.4% in September to a seasonally adjusted rate of 1.26 million units, according to new data from the Commerce Department. The multifamily sector, which includes apartments and condos, saw new starts fall by 28.2% to just 338,000. Single-family home starts were up 0.3% to 918,000 units. The decline […]