We ran across an article with some interesting tidbits about what homeowners want in 2011. As a builder or remodeler, are any of these on your radar? Outdoor living areas: Are you paying more attention to things like porches and patios? An outdoor kitchen (from simple to grand) and a fireplace can add a whole [...]
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It’s a fact: nothing is certain by death and taxes, and before we die, we will (hopefully!) be old. Old age means various physical and mental changes, and with more and more Baby Boomers joining the ranks of the 65 and over crowd everyday, universal design is something builders and remodelers should be thinking about. It’s [...]
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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 [...]
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We recently talked about smaller home construction outlasting the current recession. Obviously finances are a concern for many people right now (think of the heating bills on those McMansions!) and a smaller footprint just makes sense. An article called “Downsizing the American Dream” on USA Today gave some more specifics: According to leading architect Sarah [...]
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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 [...]
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Remodeling Magazine asks this provocative question: Are you a professional? Here’s a snippet of their argument: “These remodelers may earn a wage for what they do, but is there any profit earned to compensate them for the risks they take in owning and running a company? If the business is not earning a profit the [...]
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According to Professional Builder, there’s another reason that houses are becoming smaller and cheaper: first time home buyers. Professional Builder points out that 8.4 million households bought a home between 2007 and 2009. And how many of them were doing it for the first time? 41 percent. That’s a very significant minority. It stands to [...]
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Home Builders Likely to Consolidate, Merge WSJ Developments Blog “The likelihood of acquisitions among the public homebuilding companies has increased for five reasons. New home sales are slow and not recovering; executives sound discouraged on earnings calls; builders are focusing on grabbing market share; general economic outlook, especially for job growth, has gotten worse; and [...]
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In 2004, Potomac Yard Development, LLC (PYD) collaborated with the City of Alexandria to execute a mixed used project, developing 167 acres on the edge of Alexandria, Virginia, into a walkable, urban community. This now thriving neighborhood is enhanced by its unique town center, convenient office and retail space, affordable housing and 24 acres of [...]
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The Mortgage Mess’s Dirty Details Smart Money “The housing crisis is far from over. U.S. house prices remain about 30% below their mid-2006 peak. More than 3% of mortgage holders are in foreclosure, and another 9% are at least 90 days late on their payments.” Connect the Lots Big Builder “As the housing market fell, [...]
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