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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)

Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  0 Comments  |  Email
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.

But home builders that have opted for green construction are beating the odds and have even seen their market share rise slightly, according to panelists at a Standard & Poor’s housing summit this week in New York.

Home owners are being lured to green, seeing it as the greatest potential for appreciation of their home, panelists note. Green remodeling has also increased, partially due to federal tax credits available to home owners for energy-efficiency improvements.

In 2010, a third of all commercial real estate construction was green, as was 16 percent of residential construction. Jeff Mezger, president and CEO of KB Home, says one challenge is introducing more “green” products for the starter and move-up markets that won’t increase costs.

Also, some consumers are still not sold on green building, lacking information about energy savings and finding a qualified person to do the upgrade work, panelists noted.

Source: “Housing Panelists See Opportunity in Green Building,” HousingWire (June 9, 2011)

Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  0 Comments  |  Email
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.

Designer Candice Olson, author and host of HGTV's "Candice Tells All," says lighting and extra wiring are key upgrades new home buyers should consider.

"Adding lighting -- or at least the wiring for it -- means you'll be able to have bathroom sconces instead of that one overhead light the builder gives you,” Olson says. “Your flat-screen TV can be where you want it. You'll have a floor outlet for the lamp in middle of the open room. And you won't be ripping out walls later to do all this."

Also, she says home owners shouldn’t forget about the exterior lighting either. "Outside lighting, plus landscaping, will set apart your house from the others in the neighborhood where buyers chose from plans A, B and C," Olson says.

As for flooring, Olson recommends hardwood floors for the main living areas, and cork floors for the basement, since there’s potential for water leakage in basements.

She also says the addition of taller baseboards, chair rails, crown molding, coffered ceilings, built-ins or a banquette also are smart investments for upgrades.

Source: “Decisions, Decisions: Add Character to Your Home With a Few Choice Upgrades,” Chicago Tribune (Feb. 4, 2011) http://www.realtor.org/RMODaily.nsf/pages/News2011020906?OpenDocument

 

Posted by: Rolando Trentini AT 02:09 pm   |  Permalink   |  Email
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:

· Appliance Drawers. Small warning drawers, modest-sized dishwasher drawers for small loads, refrigerator drawers and microwave drawers.

· 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.

Source: The Washington Post (09/25/2010)

http://www.realtor.org/RMODaily.nsf/pages/News2010092705?OpenDocument

Posted by: Rolando Trentini AT 03:32 pm   |  Permalink   |  Email
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

 

Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  0 Comments  |  Email
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.

The rate was still 12.4 percent below what it was in November 2008, but the increases were nationwide, with the Northeast leading the trend with housing starts rising 16.4 percent. Housing starts rose 12.3 percent in the South, 3 percent in the Midwest and 1.9 percent in the West.

Analysts attributed the increase to the extension and expansion of the home buyer’s tax credit. David Crowe, chief economist at the National Association of Home Builders, is cautiously optimistic. “The new credit will have an impact as we move into 2010 and consumers plan for that credit availability, and builders begin to answer expected demand in the spring," he says.

Source: CNNMoney.com, Hibah Yousuf (12/16/2009)

http://www.realtor.org/RMODaily.nsf/pages/News2009121603?OpenDocument

Posted by: Rolando Trentini AT 07:02 pm   |  Permalink   |  0 Comments  |  Email
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
Posted by: Rolando Trentini AT 07:00 am   |  Permalink   |  0 Comments  |  Email
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The Trentini Team
F.C. Tucker EMGE REALTORS®
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234
Email: Rolando@RolandoTrentini.com


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