A Look At How the Fed’s Rate Cuts Might Affect the Housing Market
The recent discussions surrounding potential Federal Reserve rate cuts highlight the complexities of the housing market, where high prices and low supply continue to pose challenges. While a decrease in interest rates is expected to stimulate the market by encouraging homeowners with low-rate mortgages to sell, the actual impact could be more nuanced...
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Builder and Developer Magazine

Single-Family Starts Up in August Though Supply-Side Issue Linger
In August, single-family home starts saw a notable increase of 15.8%, driven by strong demand and moderating mortgage rates, as reported by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Overall housing starts rose 9.6%, reaching an annualized rate of 1.36 million units. Despite this positive trend, builders are still contending with significant supply-side challenges, including shortages of lots and labor, as well as rising construction material costs
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Builder and Developer Magazine

How Second-Home Markets are Performing
In 2024, second-home sales are showing unexpected growth despite elevated prices and interest rates, particularly in diverse markets like coastal communities, wine country, and desert retreats. This resurgence follows a surge in demand during the pandemic, fueled by favorable interest rates and a shift toward remote work. Currently, the affluent baby boomer demographic is significantly influencing this trend, as they account for over 52% of U.S. wealth and are increasingly purchasing second homes either for personal enjoyment or as part of wealth transfer strategies to younger generations...
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Builder and Developer Magazine

Senior Economist Commentary: August Housing Starts - Rebound May Signal More Improvement
First American Senior Economist Sam Williamson comments on the Housing Starts Report for August: August Housing Starts – Rebound brings housing starts back from July low point, may signal more improvement in months ahead. “Housing starts in August rebounded from July’s dip to the lowest level since May 2020. The monthly increase was driven by a 16 percent jump in single-family starts to a seasonally adjusted annual rate of 992,000”...
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Builder and Developer Magazine

Coronado Stone
Established in 1959, Coronado Stone is the oldest manufactured stone company in the United States. Since then, the company has maintained a reputation for being a leader in innovation. Coronado Stone has an ever expanding product line of manufactured stone veneer products, thin brick, floor tile and architectural accessories, which makes it one of the broadest product lines in the industry.
www.coronado.com

Eagle Roofing
Over the years, Eagle has flourished due in large part to a philosophy that revolves around growing personal relationships. Every person in our company is a Customer Service Representative—from our order and shipping departments, to our experienced manufacturing staff to our customer service, sales, marketing and technical teams —each Eagle Team Member performs with the singular goal of customer satisfaction.
www.eagleroofing.com

Johns Manville
Johns Manville is a leading manufacturer and marketer of premium-quality insulation and commercial roofing, along with glass fibers and nonwovens for commercial, industrial and residential applications. Our history goes back to 1858 when the H.W. Johns Manufacturing Company began operations out of a tenement building in New York City.
www.jm.com

Cosentino
The Cosentino Group is a global company that produces and distributes high value innovative surfaces for architecture and design. As a leading company, Cosentino imagines and anticipates together with its customers and partners to design solutions that offer value and inspiration to people’s lives.
www.consentino.com

New Residential Construction Data from the U.S. Census Bureau
In August 2024, the latest report on residential construction shows a mixed yet generally positive trend in building activity. Privately-owned housing permits increased to a seasonally adjusted annual rate of 1,475,000, marking a 4.9% rise from July, though it remains 6.5% below the same month last year. Single-family authorizations also saw growth, reaching 967,000, a 2.8% increase from July...
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Builder and Developer Magazine

The “YIMBY” Movement Seeks to Address Affordable Housing Shortage
The “YIMBY” (Yes In My Backyard) movement is gaining traction in various U.S. cities as a potential solution to the affordable housing crisis. With many areas experiencing significant population growth and housing shortages, advocates are pushing for zoning reforms to increase housing density and supply. For instance, in Minneapolis, where median home prices have soared, local groups like Twin Cities YIMBY are actively working to eliminate restrictive zoning laws that hinder the development of duplexes, triplexes, and more...
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Builder and Developer Magazine

Integral Group Completes Georgia Affordable Housing Senior Community
Integral Group has successfully completed the Veranda at Assembly, a 100-unit affordable senior housing community in Doraville, Georgia. This project, which is part of a larger 165-acre master-planned development on the former General Motors Doraville Plant site, aims to provide quality housing for seniors aged 55 and over, with income limits set at 30%, 60%, and 80% of the area median income...
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Builder and Developer Magazine

Landsea Homes Closes on 124 Homesites in Central Florida
Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, today announced it has closed on a total of 124 homesites for two new communities in Central Florida. The first phase of Brack Ranch in St. Cloud includes 14 single-family detached homes on 50-foot lots ranging from 1,900 to 3,200 square feet of living space. At full buildout, the community will include 138 homes...
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Builder and Developer Magazine

Trumark Homes Announces New Homes in Inland Empire Closings
Trumark Homes, the award-winning Western U.S. homebuilder, announced today that it has closed escrow on 153 lots in Canyon Ranch, spanning both Loma Linda and Redlands. The community will include 116 estate lots of more than 20,000 square feet each. Groundbreaking is anticipated in late 2024. “This area of the Inland Empire is a highly desirable location with a rather limited inventory of new housing so there is strong demand from people working in and around Loma Linda and Redlands”...
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Builder and Developer Magazine