There’s an uptick in housing inventory in these 10 metros, but don’t expect price relief

~ I was in a meeting where they were discussing this and it was stated that there has been 80,000 units built or put into production to have built this year. What is needed to maintain normal growth is 180,000 units. so we are behind. Plus there were a few dead years in the recession … Continue reading There’s an uptick in housing inventory in these 10 metros, but don’t expect price relief

Why High-Flying U.S. Home Prices Seen Getting Another Jolt

Why High-Flying U.S. Home Prices Seen Getting Another Jolt The U.S. housing market’s storyline for the last several years has been one of steady demand and limited supply, pushing prices ever higher. Now, a new chapter has opened up for the industry and its customers: soaring costs for building materials. Reports on Tuesday underscored both … Continue reading Why High-Flying U.S. Home Prices Seen Getting Another Jolt

San Francisco Wins the Homebuilding Race

~good for them!~ San Francisco Wins the Homebuilding Race San Francisco has been known to have an acute shortage of housing inventory. But the Golden Gate City surprised its critics by nearly doubling its historic average number of permits for new homes in its efforts to combat its affordability crisis, according to a study by … Continue reading San Francisco Wins the Homebuilding Race

How Cities Get ‘Granny Flats’ Wrong

How Cities Get 'Granny Flats' Wrong Nov 22, 2017 A Vancouver designer says North American cities need bolder policies to realize the potential of accessory dwellings. If you walk down just about any residential alley in Vancouver, you’re bound to run across one of the city’s thousands of accessory dwelling units (ADUs), known locally as … Continue reading How Cities Get ‘Granny Flats’ Wrong

Large Homebuilder Merger

~ I am hoping that with the projected savings they will be able to tackle some more new homes, as with the recent hurricanes and wildfires we are in much more of a dire need ~ Lennar buys CalAtlantic for $5.7 billion amid red-hot housing sales Lennar is buying CalAtlantic Group in a $5.7 billion … Continue reading Large Homebuilder Merger

Trump’s border crackdown is making new homes more expensive

Trump's border crackdown is making new homes more expensive  Last year, Jim Brown and other home builders around Atlanta could get a good framing crew at a rate of $3.25 per square foot. This year, the few framers they can find demand, and get, almost double that. “They can ask anything,” Brown said. “There aren’t … Continue reading Trump’s border crackdown is making new homes more expensive

With California housing prices surging, developers say they can’t build enough homes

With California housing prices surging, developers say they can’t build enough homes   Construction work on the Rosedale tract on Orange Blossom Way in Azusa Wednesday, July 5, 2017. Home prices continue to trend upward in California. A report released Wednesday by CoreLogic reveals that prices for single-family attached and detached homes rose 5.8 percent … Continue reading With California housing prices surging, developers say they can’t build enough homes