Wednesday, January 16 2013
Homebuilders are changing their floorplans to accommodate more people living under one roof. As adult children and aging parents move in, home owners are finding the need for more defined, separate housing corridors within their homes.
For example, homebuilder Lennar is expanding the offerings of what it calls the “Next Gen” house. Introduced in western states like California, Arizona, and Texas, Lennar is now taking its “Next Gen” floorplan to North Carolina. The single-family home features a second door, separate from the main entrance, that leads to a 500-square-foot suite for a private residence. There’s also a door inside the main house to access the suite.
“We market it as two homes, one payment,” says Trish Hanchette, Lennar’s Raleigh division president.
Homebuilders also are finding flexible first-floor space is in high demand. The spaces can be used as a mother-in-law suite or changed into a nursery, extra bedroom, or home office.
Some in the housing industry are also calling some flex rooms “bounce back” rooms — so named for adult children who have moved back in with their parents because they're struggling to make it on their own.
“The number of 22- to 30-year-olds that are still living at home is at a record high right now,” says Hampton Pitts, an executive vice president with Ashton Woods Home. “So you have that college graduate that’s back at home looking for a job and maybe got their first job but not ready to be in an ownership or rent situation.”
Source: “Builders Target Families with Multiple Generations Under One Roof,” RISMedia (Jan. 8, 2013)
Friday, June 17 2011
The green building sector is offering some hope for the homebuilding industry, which has battled sluggish sales in recent years that has practically brought new-home construction to a halt.
Wednesday, February 09 2011
Most home owners opt to add some upgrades to a new home, which can be rolled into the mortgage opposed to paying for them later on their own. But the choices of what flooring, lighting, or other upgrades to choose can be overwhelming.
Monday, September 27 2010
Here are the products grabbing the attention of the home building and remodeling industries, according to Bill Millholland, executive vice president of sales and marketing at Case Design/Remodeling in Maryland, and Jamie Gibbs, a New York-based interior designer:
· Counter-depth refrigerators. Some are only 24 inches deep.
· Motion-detecting faucets. Like you'd find in the restrooms of businesses.
· LED (light-emitting diode) lighting. These are used under cabinets and in ceiling fixtures as a longer-lasting, more efficient alternative to compact fluorescent lamps and incandescent bulbs.
· Electric heated floors. A nice touch in bathrooms,
· Showers with multiple heads and body sprays. Bathtubs are out.
Sunday, April 25 2010
New Home Sales soared by 26.9% in March to a seasonally adjusted annual rate of 411,000. Relative to a year ago, sales were up 23.8%.
In addition, the numbers for February were revised up to an annual rate of 324,000 rather than the original reported figure of 30.8%. So relative to where we thought sales were they climbed 33.4%.
This is by far the most significant economic number of the week. Inventories of homes for sale fell by 2.1% to 228,000. That drop, combined with the faster sales pace, lowered the months of supply metric down to 6.7 months from 8.6 months in February. Over the last year, inventories are down 27.2%, and a year ago months of supply stood at 11.3.
Read the rest of the story here: http://tinyurl.com/3326rov
Wednesday, December 16 2009
Home building rose 8.9 percent in November to an annualized rate of 574,000, the U.S. Commerce Department announced Wednesday.
Tuesday, October 13 2009
Thousands of lawsuits by Americans complaining that drywall imported from China is causing them health problems are awaiting action in federal and state courts. A consolidated class action will be heard beginning in January.
“There could be 60,000 to 100,000 homes that are worthless and have to be ripped completely down and rebuilt,” said Arnold Levin, a Philadelphia lawyer and co-chairman of the plaintiffs’ steering committee.
Later in October, the Consumer Product Safety Commission will release the results of its study to determine what’s wrong with the drywall and what mediation programs might work.
Knauf Plasterboard Tianjin, a German company with manufacturing plants in China that supplied about 20 percent of the Chinese drywall said its own tests showed the drywall didn’t cause health problems. Some experts believe that the reason that drywall seems to be causing respiratory problems and headaches is because American homes are built tighter than those in Asia, where the drywall was also sold.
Source: The New York Times, Leslie Wayne (10/07/2009) http://www.realtor.org/RMODaily.nsf/pages/News2009100905?OpenDocument