Two Big Builder Failures Show We’re Not Yet Out of the Woods BUILDER “Just in the last few days, in a reminder of how treacherous home building remains, two of the biggest companies in the business have gone under. First, Minnesota’s Rottlund Homes, during its heyday the 40th largest builder in the country, announced that it would liquidate. [...]

With the housing market continuing to decline it’s not difficult to guess at what keeps people from buying: it’s the economy, stupid! With people being laid off, working at reduced pay or worrying about getting laid off, fear is a powerful motivator for letting houses sit on the market. But it’s not the only thing. Over at [...]

NAR: Pending home sales up 5% in March, continue upward swing HousingZone.com “Home-sales contract activity has now increased six of the past nine months, as the Pending Home Sales Index saw gains in March, according to the National Association of Realtors. The index, a forward-looking indicator based on contract signings, rose 5.1 percent to 94.1 [...]

Foreclosures fell 26% in Dec., but 2010 filings set a record USA Today “The pace of foreclosures has slowed since revelations that thousands of foreclosure documents may have been improperly prepared, but for all 2010, almost 2.9 million U.S. properties received foreclosure filings, a record high, and up 2% from 2009.” 7 down payment assistance [...]

Hire Locally Will Become the Law in San Francisco New York Times “Under the ordinance, city contractors and subcontractors working on city-financed construction projects worth $400,000 or more would be required to hire at least 20 percent of their workers from San Francisco. The requirement will increase by 5 percent each year until it reaches [...]

…then beggars would ride. The old children’s nursery rhyme seems to have some resonance in this current housing market. Two recent report from Housing Giants and Professional Remodeler offer semi-conflicting reports about where the housing market is going and Americans’ views of what home ownership means. Housing Giants reports that demand is going up for [...]

Marketing Tips for Green  Homes EcoHome “Energy efficiency, water savings, and health issues are the three green hot buttons that most consumers respond to, a panel of industry experts told attendees during the Greenbuild International Conference & Expo in Chicago. But officials of Pulte Group, American Standard, and USA Today also said that buyers not [...]

Saving Costs Residential Architect “Now more than ever, architects who hope to increase their market share must respect their clients’ limits. More importantly, they need a clear understanding of costs, a process flexible enough to adjust as the project evolves, and the creative know-how to do more with less.” Pending Home Sales Rose 10.4% in [...]

The New Water Cooler BUILDER “Builders are slowly revising their perceptions about social media being time consuming to sustain and difficult to track. Builders that dip into these waters also realize that social media don’t sell houses, at least not in the traditional ways other advertising and marketing do. Social media’s power lies in its [...]

We often think of homebuyers as consisting of couples or families, but there’s a new brand of buyer out there and she has often has purchasing power to burn. According to MSN Real Estate, single women now account for a quarter of home sales, and that number has risen since the mid-90s. So what are [...]