Townhome construction outperformed other building sectors in 2018, bringing more entry-level housing to the market. But while townhouse construction, along with other submarkets, softened during the fourth quarter, it is still poised for further expansion as more renters enter the sale market, the National Association of Home Builders reports. Townhouse construction—or single-family attached housing—also helps builders grapple with land short
Complaints about the condition of homes on military bases, including lead poisoning, mold, and poor construction, have grown worse since the problems were first revealed in a Reuters investigation last August. NBC News did a follow-up piece Friday looking at whether there has been any improvement but found that the number of complaints by military families has increased, now getting the attention of lawmakers.Seventy-three percent of homeowners
Your color palette makes a huge difference. Bronze, brass, nickel, or chrome? Choosing metals for your home can be daunting, so here's a suggestion: Don't choose just one. All the best designers know there's no magic in being matchy-matchy—and that policy is true for metals as well as bedroom sets. Instead of agonizing over the "right" metallic finish, consider mixing them up.We realize this concept might be daunting to some, so, to
From the way furniture is arranged to the colors of the paint, a home’s space can cause your body to respond in a variety of ways, both positive and negative. Distaste for the way something in a home looks can even raise your levels of cortisol, the stress hormone associated with a wide range of health problems.The Patch Boys, a drywall repair franchisor, highlights some of the biggest stressors when it comes to design, and
After weeks of declines, mortgage rates reversed course, but are still lower than a year ago.“While mortgage rates very modestly rose to 4.41 percent this week, they remain below year-ago levels for the fourth week in a row,” says Sam Khater, Freddie Mac’s chief economist. “In late 2018, mortgage rates rose over a full percentage point from the prior year, which was one of the main reasons that weakness in home sales continued into early
Smaller cities with lower home prices were once again among the top-performing housing markets this month, a trend that started emerging in January this year, according to the latest report from realtor.com®.“We’re seeing more interest in secondary markets,” says Danielle Hale, realtor.com®’s chief economist. “Homes are a little bit more affordable, and buyers are looking for that affordability.”Midland, Texas, once again toppe
Home interiors are softening up with lighter neutrals and more casually designed modern spaces, according to PulteGroup’s in-house team of interior designers that furnish model homes nationwide.“Much like a change to spring weather, warm natural elements are brightening up homes this season, in combination with a clean, modern approach that does not sacrifice comfort,” says Angela Nuessle, national director of interior design
Home equity continued to increase in the fourth quarter of 2018, with more homeowners profiting over rising home prices. U.S. homeowners with a mortgage saw their equity rise by 8.1 percent year over year in the fourth quarter of 2018, according to CoreLogic’s Home Equity Report, released Thursday.The average homeowner has gained $9,700 in home equity between the fourth quarter of 2017 and the fourth quarter of 2018, the report showed. Western
Sales of newly built single-family homes picked up at the end of last year, reaching the highest level since May 2018, a newly released report from the U.S. Commerce Department shows. New-home sales increased 3.7 percent in December to a seasonally adjusted annual rate of 621,000 units (the number of homes that would sell if this pace continued over the next 12 months).“Despite a period of weakness in the fall, new home sales ended the year wit
Vietnamese investors are increasingly gaining on China as a significant source of participants in a foreign investment initiative by the United States that provides green cards for investing in U.S. real estate, The Wall Street Journal reports. The program, the EB-5 Immigrant Investor Program, offers green cards to those who invest in job-creating U.S. businesses or real estate projects. The percentage of EB-5 visas issued to Vietnamese
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