Homebuilding eked out a slight increase in July, but economists say it’s still not nearly enough to catch up with home buyer demand or to help cool rising home prices. The Commerce Department reported Thursday that total housing starts for both single-family homes and multifamily building rose 0.9 percent last month to a seasonally adjusted annual rate of 1.17 million units. This was following a nine-month low in June of 1.16 million.Homebuildi
Summer can be a popular time to remodel a home. Calling in the professionals may help ensure the job is done right and satisfactorily to help boost a home value, too. For homeowners looking to spruce up their digs, Rae Duncan of Rae Duncan Interior Design in Chicago offers some of the following tips to help buyers and sellers choose the right interior decorator and contractor:1. Sellers should choose a designer who not only can aid the inside of
The construction cranes dotting the skylines of major North American cities are largely working on residential projects, according to the July 2018 Crane Index report by Rider Levett Bucknall, the international property and construction consultancy. The data released this week also shows the national tower crane tally is climbing. There were 423 construction cranes counted in July 2018, a more than 10 percent increase from to the 383 cranes cou
Eighteen active wildfires spreading throughout California have scorched an area larger than the entire city of Los Angeles, officials said Wednesday. Communities spanning from Redding in Northern California to Riverside County in Southern California are all under threat.The impact on the housing market, however, could be mixed. Realtor.com® notes that property values will most likely plummet in some areas and may take years to recover. But in so
New-home buyers now rank all-white kitchens—once the most in-demand aesthetic—as their second choice, below natural wood cabinetry, according to a new survey from homebuilder Ashton Woods. Respondents to the survey, who are prospective buyers planning to purchase in the next 10 years, picked distressed wood cabinetry as their third most popular choice.They also said living space is more important to them than bedroom size. Sixty-one percent s
Sales of newly built single-family homes plunged to an eight-month low last month at a time when sales should be at their highest points of the year. New single-family home sales dropped 5.3 percent month-over-month in June to a seasonally adjusted annual rate of 631,000, the Commerce Department reported Wednesday. This marks the lowest monthly annualized sales pace since October 2017.Builders say ongoing supply constraints are being exacerbated
The start of summer was sluggish for homebuilders. Homebuilding fell 12.3 percent in June to a seasonally adjusted annual rate of 1.17 million units, the U.S. Commerce Department reported Wednesday. This marks the lowest level since September 2017 and the largest percentage drop in a month in nearly 2 years. Housing starts were down in all four major regions last month—by 40 percent in the Northeast and nearly 36 percent in the Midwest.Housing
Bathroom makeovers can help enhance a property, but homeowners should be careful not to be too trendy or it may have the opposite effect. HouseLogic detailed several recent bathroom trends that homeowners might want to reconsider, including:Tiny tilesMosaics of tiny colored tiles may be on-trend and offer a retro vibe to your bathroom, but they’ve also earned a reputation as being a pain to keep clean. Tiny tiles mean more grout to clean and m
The uptick in new-home construction in some parts of the country is creating a “bonanza” for thieves, CBS 13 in Sacramento, Calif., reports. In Sacramento alone, police have received 26 reports of thefts from new neighborhoods under construction. The thieves are reportedly stealing everything from tools to newly installed appliances inside the homes.This has prompted police to warn residents and send out more patrols into newly constructed c
A family in France will soon be the first in the world to move into a house completely printed and constructed from a 3D printer. The four-bedroom home in Nantes, France, sits at 1,022 square feet, and is a collaboration between the city council, a housing association, and the University of Nantes. Francky Trichet, the council lead on technology and innovation, says he believes the 3D-printed home process will disrupt the construction industry an
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