Home Ownership Rate Falls to Lowest Level Since 1995

Homeowner-Rental Vacancy Rates

The U.S. Census Bureau announced in a report released today that the percentage of Americans who own their own homes was 66.4% in the third quarter of 2014 – down from 64.7 percent in the previous quarter. After peaking at 69.2 percent in June 2004, the rate has repeatedly fallen since then due to the...

Top 10 Questions to Ask Every Contractor Before Hiring

Contractor - Builder on Phone

Are you about to start a new home building or remodeling project? If so, you you will likely be hiring at least one contractor during the process. There are many excellent contractors to choose; unfortunately, there are also some out there who are not qualified. Would you allow just anyone to work in your home?...

Q2 Multifamily Production Index (MPI) Gained 5 Points

By Ann Adamson The National Association of Home Builders (NAHB) said for Q2 the Multifamily Production Index (MPI), a leading indicator for the multifamily market released byposted a gain of five points to a reading of 58. The good news is that this is the 10th quarter with a reading of 50 or above. MPI measures...

Pacific Coast Builder’s Conference: House Plan of the Future

house plan

Last month’s Pacific Coast Builder’s Conference (PCBC), one of the largest housing industry events in North America,  brought together a reported 7,000 influential architects, developers, building scientists, investors, lenders, marketers, product manufacturers, and residential builders at the Moscone Center in San...

Biggest Trends in Single Family Home Building from the 2013 Survey of Construction (SOC)

Trends indicate larger forever homes are in the future.

Among some other trends, we do know that American homeowners are now up sizing to a “forever home” that can accommodate family members for future senior living, thanks to all the baby boomers who are coming of senior age these days.  According to a recent study called the “2013 Characteristics of New...