John Burns Real Estate Consulting recently released its New Home Trends Institute’s DesignLens database in which it analyzed several different houses and identified three homes that succeeded in significantly cutting costs while still selling really well.
Builders will need to make bold decisions in response to the recent surge in mortgage rates and inflation. Some will charge forward as planned. Others will “mothball” communities for another day. The most creative builders will explore alternative options, with many we are already working with looking at pivoting to rental housing, including recapitalizing the project for a long-term hold. Others will make bold decisions like these 3 builders did.
Single Women Continue to Outpace Men in the Race to Homeownership
Single women are dominating residential real estate despite a series of financial hurdles to homeownership
How Many Households Are Priced Out by Rising Mortgage Rates?
Soaring interest rates are pricing a growing number of Americans out of the new-home market, and that share is expected to keep rising as the Fed sends borrowing costs even higher
Home Builders Remain Optimistic Despite Market Headwinds
Buyers are retreating as mortgage rates rise, but home builders are looking ahead to strong growth in the new-home market in 2023