What does the future of digital look like for home builders?
Point of View
Apologies to Paul Simon, but when I looked at the long list of design ideas I compiled while at the International Builders’ Show in Orlando, I thought I’d try to mention 50 of them—a nice round number. Here they are--some of the many trends I spotted on and off the floor.
There were more than 1,000 entries this year for the NAHB National Sales & Marketing Awards, and a sampling of the winning entries begins here.
Enticing buyers is a challenge, but builders have a unique opportunity to attract house hunters who expect up-to-date aesthetics. By incorporating trending designs into your next project, you can drastically improve market popularity and yield higher returns.
At the end of 2016, Chicagoland home sales dropped sharply. In October there were 8,762 closed home sales, a 6.3 percent decrease from October of 2015 and lowest October sales in the last five years.
Building a large, luxury home is not for the faint of heart.
The year 2016 was an eventful one for home building. Falling unemployment, rising wages, and still-low mortgage interest rates created more opportunities for homebuyers than we’ve seen in some time.
I spend a lot of time in the field consulting with builders and observing jobsites, and I see plenty of framing contractors making the same mistakes. Fortunately, they're easy mistakes to avoid.
Economic fundamentals illustrate how low supply, coupled with steady demand, pushes prices on virtually any consumer good. Unfortunately for prospective home buyers, the U.S. housing market in its current state is a prime example of diminishing inventory and worsening affordability.