The number of cohousing communities is on the rise across the country and is spotlighting the desire for greater multigenerational neighborhoods. There are currently about 165 such communities but another 140 are in the planning stages, according to the Cohousing Association of the U.S.In these communities, people own their own homes and can sell them. Residents contribute to a fund for maintaining shared facilities.A development called Pioneer
Fewer new homes entered the construction pipeline at the end of 2017, further depressing already low inventory levels in many markets. Housing starts across the country dropped 8.2 percent month over month in December to a seasonally adjusted annual rate of 1.19 million units, the Commerce Department reported Thursday. National Association of REALTORS® Chief Economist Lawrence Yun called the decline “disappointing” but expressed optimism for
Homebuilding is still falling short in many markets in alleviating the shrinking inventories of homes for sale. But builders are blaming the construction shortfall on several factors.Builders revealed the following top 10 “significant” problems they expect to face in 2018, according to the National Association of Home Builders and Wells Fargo Housing Market Index: Cost/availability of labor: 84% Building material prices: 84% Cost/availability
The lack of affordable and buildable lots is hampering housing production, according to a survey released by the National Association of Home Builders this week at the NAHB International Builders’ Show in Orlando, Fla.Seventy-nine percent of prospective buyers say they can only afford half the homes in their markets.“These potential buyers see a problem with housing availability,” says Rose Quint, assistant vice president of survey research
A growing economy, supported by positive demographic trends, bodes well for the housing market in the new year, even as affordability challenges rise from an increase in prices and mortgage rates, according to realtor.com®’s 2018 Housing Forecast, released this week at the National Association of Home Builders’ International Builders’ Show in Orlando, Fla. Realtor.com®’s report highlighted the following key factors for builders in 2018
Many commercial projects may face delays in 2018 due to rising demand, particularly for warehouse and office space. A shortage of skilled construction workers and rising construction costs—two items that are also plaguing the residential market—are expected to push back timetables on many commercial projects in the pipeline, according to the CoStar Group.The labor shortage may mean developers will have to pay more to get their buildings const
Homebuilders say larger-than-expected cost increases topped their list of biggest market surprises in 2017, according to a survey of more than 300 homebuilding executives conducted by John Burns Real Estate Consulting. While builders say they anticipated cost increases, 40 percent of builders surveyed say the increases in 2017 were more than what they expected.The biggest surprises of 2017 for homebuilders were: Bigger cost increases: 40% Stronge
A shortage of building materials is becoming a pressing problem for many of the nation’s homebuilders. Twenty-one percent of single-family builders reported a shortage of framing lumber, according to the 2017 National Association of Home Builders/Wells Fargo Housing Market Index. Builders also reported a shortage in ready-mix concrete and trusses.The NAHB notes that the last time there was a shortage of framing lumber was in October 2004, when
Real estate professionals say that hardwood floors can pay off when it comes to selling a home. They’re a “bling feature,” particularly in living rooms and dining rooms, and in a master suite they “could help win a buyer’s offer,” Janice Caputo, a real estate pro with Coldwell Banker Real Estate Services in Pittsburgh, told realtor.com®.“Most buyers nowadays are expecting hardwood," Matt Laricy, a real estate pro with Americorp
Housing starts are on the rise, reaching a post-recession high in November. The West and South regions of the country are seeing the bulk of the increase in new-home construction.Housing starts—which include single-family and multifamily production—increased 3.3 percent nationwide in November to a seasonally adjusted annual rate of 1.3 million units, the Commerce Department and the U.S. Department of Housing and Urban Development reported Tue
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