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
Industry Data & Research
Industry data and research for professional home builders and remodelers.
Trumark Homes, Resmark Equity partner on Silicon Valley residential developments
Trumark Homes, in a joint venture partnership with Resmark Equity Partners, is planning to build two residential communities in San Jose and Santa Clara, Calif. Once completed, the anticipated revenue from both developments will total approximately $148 million.
As more home builders flock to housing markets that have remained relatively healthy through the downturn, the increased competition is starting to impact sales, according to new data from John Burns Real Estate Consulting. Raleigh, N.C., and San Diego are among the presumed stronger markets that are seeing lower year-over-year net sales per community.
Pella, Iowa and Southlake, Texas among top U.S. cities to ‘live and learn’
GreatSchools and Forbes have released their annual Top Cities to Live and Learn report, which ranks U.S. cities with the top-performing public schools in every housing price range. Among the 67 cities to make the 2011 list are: Pella, Iowa; Southlake, Texas; St. Johns, Fla.; Mercer Island, Wash.; and Manhattan Beach, Calif.
NAR: Pending home sales up 5% in March, continue upward swing
Home-sales contract activity has now increased six of the past nine months, as the Pending Home Sales Index saw gains in March, according to the National Association of Realtors. The index, a forward-looking indicator based on contract signings, rose 5.1 percent to 94.1 from a downwardly revised 89.5 in February.
Denver-based MDC Holdings has acquired the assets of SDC Homes, LLC, the third largest home builder in Seattle, for an undisclosed purchase price paid in cash and restricted stock. The acquisition marks MDC’s entry into the Seattle market.
David Weekley partners with Estridge Group, enters Indianapolis market
David Weekley Homes, the nation’s second largest privately held home builder, has formed a partnership with Carmel, Ind.-based builder Estridge Group to expand into the Central Indiana market. Last month, Estridge discontinued its sales operations due to difficulty obtaining construction financing. The new entity will start building homes in June.
New-home sales climb 11% in March to 300,000 annual units
Sales of new single-family houses in March 2011 were at a seasonally adjusted annual rate of 300,000, 11.1 percent above the revised February rate of 270,000, according to estimates released jointly this morning by the U.S. Census Bureau and the Department of Housing and Urban Development.
After a steep drop in February, housing starts bounced back in March to a seasonally adjusted annual rate of 549,000 units — a rise of 7.2 percent over February numbers, according to data from the U.S. Commerce Dept. Building permits were up even higher: 11.2 percent above February to 594,000 annual units.
The upward trend in existing home sales continued in March as sales rose 3.7 percent to a seasonally-adjusted annual rate of 5.1 million, according to the National Association of Realtors. Existing home sales have now risen in six of the past eight months.
Survey: Majority of builders believe kitchen is key to selling new homes
When it comes to selling new homes and feature upgrades, the kitchen remains the heart of the home, according to a survey of Professional Builder readers.