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.
The Census Department’s data on new construction sales is wildy inaccurate, housing analyst Ivy Zelman told CNBC.com last week. According to Zelman’s data, December estimates showed a 12 percent decline in seasonally adjusted new home sales, which she said was consistent with data from builders. But the Census reported an 18 percent increase.
NAR: Pending home sales down 2.8% in January
Pending home sales eased moderately in January for the second straight month, but remain 20.6 percent above the cyclical low last June, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator, declined 2.8 percent to 88.9 based on contracts signed in January from a downwardly revised 91.5 in December.
8 essentials to re-starting a failed communities
If you think improved pricing is all you need to successfully restart a failed community, think again. Learn what the best professionals are doing to ensure success when entering a community that was abandoned by the previous builder.
Housing starts up 14% in January to 596,000 units
The U.S. home building industry beat market forecasts in January, as starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units — the highest level since September 2010, according to the U.S. Commerce Department.
Obama’s mortgage-market reform plan calls for winding down Fannie Mae, Freddie M
The Obama administration’s long-awaited proposal for reforming the U.S. mortgage market calls for shuttering both Fannie Mae and Freddie Mac over a period of five years or more. The two agencies, along with the Federal Housing Administration, currently provide more than 90 percent of housing finance.
With more than $4.4 billion in total residential revenue and 17,095 closings in 2010, PulteGroup tops Professional Builder’s ann
With more than $4.4 billion in total residential revenue and 17,095 closings in 2010, PulteGroup tops Professional Builder’s annual Housing Giants ranking of the nation’s largest home-building companies. D.R. Horton had $3.9 billion in residential revenue and 18,983 closings in 2010 to grab the number-two spot on the Housing Giants list. Rounding out the top five are NVR, Lennar, and KB Home.
2012: The year mobile takes over
Next year, for the first time, it’s expected that more consumers will access the Internet using a mobile device than a traditional desktop or laptop computer. The proliferation of smart phones like the iPhone and Droid — combined with the precipitous drop in price for these high-tech devices and better data connections — means that a sizable chunk of the population is connected 24/7.
First-time buyer survey: Family features, ample storage most desired amenities in a home
Neighborhood schools, ample garage space, walk-in-closets, and walking/biking paths are among the community and home features most desired by first-time buyers, according to a survey of Professional Builder readers. Other desirable home features include an open-plan design, walk-in shower, master bathroom with dual vanities and separate tub and shower, and energy-efficient systems.
NAHB sees challenge to mortgage-interest deduction ahead
The mortgage-interest deduction, a pillar of the nation’s long-held support for housing and the American Dream, is under assault, say NAHB observers who make it their full-time job to stay on top of the shifts in thinking in Washington. According to NAHB chief lobbyist Joe Stanton, the mortgage-interest deduction is in the mix this spring as a new Congress meets for the first time and begins wrestling with ideas for reducing the deficit. Some economists estimate that removal of the deduction would lower home values another 15 percent.
Housing Predictor: Housing markets in 17 states set to rise in 2011
The housing markets in 17 states will experience housing inflation in 2011, according to a forecast by Housing Predictor. Although the prediction shows that the overall housing market should make a slight recovery this year, these particular markets are poised for more-substantial growth because they were less affected by the mortgage lending and foreclosure crisis.