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 num
Now in year five of the worst housing market downturn since the Great Depression, most builders by now have faced monumental challenges to keep their doors open. In an effort to explore the key takeaways and lessons learned from this downturn, we sat down with three builders to discuss the impacts of the economy on their businesses.
Every step in the process of selling a house has its challenges, but perhaps none is more frustrating than having the appraisal on a house come in well below the sale price. Not satisfied with the appraised value of your new homes? Follow these practical steps for avoiding the dreaded low appraisal.
It’s good to be green, but everything starts with affordability. That’s what home builders have learned about creating marketable products for cost-conscious, savvy buyers. Solar panels and tankless water heaters are attractive options, but achieving green at an affordable price requires getting back to basics: using land economically, reducing waste, making the most of smaller square footage, and keeping operating costs to a minimum.
Real estate brokerage firm ZipRealty reports a 0.6 percent increase in September homes for sale
The boom and then bust of nonprime mortgage lending in the United States caused enormous damage to individuals, communities, the national economy, and the global financial system, according to a report by the Joint Center for Housing Studies of Harvard University.
According to research from economists at the National Association of Home Builders, first-time home buyers are contributing to an increase in demand for smaller and less expensive new homes.
A report just released suggests that giving homeowners the right to rent their house at a fair market price could be a game changer in the nation's foreclosure crisis. Gains from Right to Rent in 2010, from analysts at the Center for Economic and Policy Research, suggests that ownership may not be the smartest option for some.
Foreclosures are boosting the supply of available properties and reducing prices, even as mortgage rates tumble to record lows. U.S. home prices dropped 3.3 percent in July from a year earlier, the eighth consecutive decline, the Federal Housing Finance Agency in Washington said in a Sept. 22 report.
Signs are increasingly pointing to a home building industry that is years away from recovering from the excesses of the housing boom. Even with a modest rise in construction last month, the pace of building would need to at least double to signal a healthy market and contribute in a meaningful way to job growth, according to most economists.
GMAC Mortgage is imposing a moratorium on many of its foreclosures as it tries to ensure they were done correctly. States where the moratorium is being carried out include New York, Connecticut, New Jersey, Illinois, Florida, and 18 others.