Last month, I attended NAHB’s midyear meeting in Miami and had the pleasure of sitting in on a presentation by Daniel Swift, president and CEO of Des Moines-based architecture group BSB Design.
How are new home sales likely to fare in 2005? According to economists at the National Association of Home Builders' Construction Forecast in October, single-family production will set another record next year. However, says David Seiders, NAHB's chief economist, "activity will flatten in 2005," as it is in the process of "topping out.
Crosswinds Communities, headquartered in the Detroit area, recently enjoyed huge success with a lottery that resulted in 49 home sales in one day in its 727-acre, award-winning master-planned community, The Sanctuary, in Ovieda, Florida. While most lottery-style sales are used when demand far outstrips supply, Bob Kanjian, president of Building Solutions, who handles marketing and on-site sales...
San Francisco Bay area's Ponderosa Homes showcases its Zero-Energy home — one of the home builder's newest options — at The Classics at Ironwood in Pleasanton, Calif., through an inviting "Green Gallery." The gallery, located in the garage of a Zero-Energy model home, features comfortable seating, Zen-like décor, and four main exhibits: Energy Efficiency, Natural Resources, Wat...
Phoenix, a consistently strong housing market, keeps pushing its boundaries with communities on the fast-growing citiy's outer ring. One of the newest is the master plan of Verrado, a half-hour drive west of the city. There, with its Horizons neighborhood, Engle Homes' Arizona Division shattered preconceived notions of the prices the market would support at the edge of suburbia.
For years we've placed tremendous emphasis on the design and construction of front entries. From richly detailed doors to elaborate foyers with vaulted ceilings and multiple layers of crown molding, formal entryways all contribute to the initial impression of a home. At least they do if you're a guest who actually enters through the front of the home.
When we dig into the data from our most recent Builder Financial Study (the 11th consecutive survey of Lee Evans Group clients), we find house prices in 2003 ranging from $98,800 to $3.2 million, but no direct correlation of price and profitability. Thirty-eight percent of the builders had average sales prices under $200,000, 29.
The race to become the first 100,000-unit GIANT is fueling merger and acquisition activity throughout home building's GIANTS. Given that the top five home builders in the United States each own only 3 to 4 percent of national market share and more and more mid-tier players will merge or acquire to gain scope and expand market share, M&A activity will only increase.
Contemporary architecture returns to production-built housing, when a GIANT models an entire village in Orange County, Calif., after the shacks of an old mining town.
A builder wins unanimous city council approval by meeting the city's demand for environmentally sensitive development.
Boise had no urban growth boundry restrictions, but David Hale was drawn to an underutilized residential zone that encouraged infill and higher-density development.