This month’s issue includes stories about three unfilled market niches that are significant opportunities for builders: culturally aware housing, live-work housing, and Missing Middle Housing.
Merger and acquisition activities and a surge in home sales lifted Wall Street for our session ending May 31. The Dow industrials continued their climb higher, and the slow-stepping S&P 500 Index hit its first record close in seven years as our session came to an end, bolstered by the Fed minutes that showed the Fed's nod to the housing slump as a potential to lower interest rates.
The Federal Reserve Board held interest rates in check at 5.25 percent, unchanged after five consecutive meetings of the federal bankers. Markets were volatile in the week before our session ended Jan. 31, 2007, responding to mixed earnings reports.
Home building recently gave new meaning to the term skeleton crew: sites recently being excavated in Texas by Lennar Homes and in Pennsylvania by Pulte Homes turned up long-forgotten graves. In Texas, there are approximately 50,000 cemeteries, according to the Texas Historical Commission. With statistics like this, it's easy to understand how a builder could encounter remains.
The way he sees it, the blueprint for success was simple. "We've gone back in time to the way people used to live," says Greg Whittaker, president of Whittaker Homes. Taking an old idea and bringing it to life for today's home buyer has thrust his firm forward in a way he could never have imagined.
Taylor Woodrow receives recognition for its commitment to bringing community revitalization through urban infill projects.
Two top practitioners of high-density design provide insight on building affordable high-density housing without compromising privacy.
Instead of butting heads with local schools, developers Hillwood Residential and Mabrey & Partners, both of Dallas, partnered with the local district to help meet the quickly growing needs of the community.
A How-To resource for involving the community in your development plans.
Paul Bertsche and Wendy Andrews formed C.A. Development to build the home and the community they wanted for themselves -- an equal blend of city life and suburban feel. Bertsche and Andrews report on the opportunities, obstacles, outcomes of their most recent development -- the Residences at Old Irving Park.
In November 2005, the Base Realignment and Closure (BRAC) commission approved 22 closures, recommended realignment for seven and left five bases open. What does this mean for builders? Those 22 closed bases will eventually appear on the market for sale. In a time of decreasing availability of developable real estate, bases closings can provide some of the largest expanses of undeveloped and valuable land in the country.