National Outlook

Building More With Less

John McManus / Builder / April 16, 2018 Los Banos, Calif.: From off-site to on-site, precision, high-velocity framing depends on a precisely engineered site to create a level base. Commentary and analysis from the latest Job Openings and Labor Turnover Survey (JOLTS) by National Association of Home Builders chief economist Robert Dietz notes: “The overall trend for open construction jobs has been …

Living Small(er): Are Floor Plans Shrinking?

Leah Demirjian / Builder / April 2, 2018 Housing data over the past decade shows that when it comes to floor plans, bigger is not necessarily better. The size of the average American home took a big hit during the Great Recession, and the trend toward smaller homes is continuing even though the market has recovered, according to Metrostudy data. In fact, the average home size in the country’s top …

Introducing GenYration: A Millennial Housing Blog

Figuring out the elusive Millennial Buyer has been on the minds of builders and developers for nearly a decade. Millennials are expected to take the housing industry by storm, however fears of affordability and lifestyle have caused less Millennials to own a home. Are Millennials interested in being homeowners? Is there an ample supply of Millennial driven product in the market? Are there steps th …

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Local View

TWIN CITIES HOUSING 4Q17: 2017 Finishes Strong – Activity Surges in the Attached Housing Market

Annual New Home Starts are up 27.6% over 2016 Levels – Annual Closings turned in the strongest performance since the recession, up 21% YoY New attached for-sale housing product continues to surge ahead in this market, with new home starts growing 65.5% YoY but still remaining significantly underserved compared to pre-recession levels. The Trend in Lot Supply is Worrisome as the Metro-7 area is hol …

Highlights from the Southwest Chicago Suburban Home Builders Association Meet Up

Mark Gianopulos, Midwest Regional Director, and Charlie Schnuda, Director of Business Development,  enjoyed a great event last night at the Southwest Suburban Home Builders Association, speaking to the (75+) group about the Chicagoland housing market along with Dr. Robert Dietz covering the economic backdrop. Market news is easier to share when the new detached home activity was up 13% through 201 …

DENVER HOUSING 4Q17: Record Market Strength Driving Buyers into Townhome and Duplex Product – 2018 Looks to be More of the Same

Annual New Home Starts were up 8% from 2016, while quarterly starts were up 18% YoY. Prices are at Record Highs with only 24% of New Home Starts priced below $400k Detached homes represent 68% of the starts in the last year, the lowest level since 2009, and have experienced only a 2% increase over the last year to 8,216 homes. The strongest growth has been for townhome and duplex product, up 25% f …

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