BUILDER Bytes Newsletter


April 26, 2024 Vol.16 No.62



Home Building Industry News
New Single-Family Rentals Reach All-Time High, With Another 45,000 on the Way Build-to-rent homes are having their most successful year on record: A total of 27,500 houses for rent were completed last year -- 75% more than in 2022. Read More Builder and Developer Magazine
Despite Higher Mortgage Rates, New Home Sales Post Solid Gain in March Sales of newly built, single-family homes in March rose 8.8% to a 693,000 seasonally adjusted annual rate from a downwardly revised reading in February. Read More Builder and Developer Magazine
HUD Releases New Federal Flood Risk Management Standard The Federal Flood Risk Management Standard protects families and federal investments against future flood risks – decreasing harm, saving lives, and reducing... Read More U.S. Department of Housing and Urban Development
Rise in All-Cash Transactions Helping Drive Price Gains for Most Expensive U.S. Homes The median sale price of luxury homes hit an all-time high of $1.23 million in the first quarter, an increase of 8.7% from the same period last year, according to... Read More ABC News
Protect Jobsite Workers by Focusing on Fall Prevention Fatalities caused by falls on job sites continue to be the leading cause of death for construction employees, accounting for 395 of the 1,069 construction fatalities record... Read More NAHB
Housing Share of GDP Surpasses 16% for First Time Since 2022 Housing’s share of the economy rose to 16.1% in the first quarter of 2024. The share remained below 16% for all of 2023 at 15.9% in each of the four quarters. Read More Eye On Housing

Featured Products and Services:
Bradford White Bradford White is an American company with manufacturing facilities located in the United States. Products made by Bradford White are manufactured in the U.S. using the finest raw materials and components from around the world to deliver the highest quality and value to our customers. Bradford White is American Strong™. Read More www.bradfordwhite.com
Beck Fastening BECK is a family business founded in 1904. For more than 85 years, BECK has been one of the world's leading manufacturers of innovative fastening solutions. From wood construction to high-end automotive interiors to satellites, our fastening systems and solutions hold together a wide variety of things that only serve their purpose when connected. Read More www.beck-fastening.com/en
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. Read More www.jm.com

Home Design & Housing Developmental Trends
Revitalizing Style in the Kitchen Homeowners Tami and Kara evolve their 2004 Prior Lake abode, turning away from dark kitchen trends of the past. Read More Midwest Home
Welcoming Cozy Coffee Shop Vibes With Cafecore Pinterest’s annual trends report reveals the rise of ‘Cafecore’ as coffee lovers are bringing designs from their favorite cafes into their home interiors. Read More Woman & Home
The Rise of Integrated Living Trends The idea of having indoor/outdoor homes that merge seamlessly between our interiors and our gardens has long been popular, with the aim of creating a connection that... Read More Time & Leisure
Land Planning & Community Development
Landsea Homes Sells Out at Avelina in San Juan Capistrano, California Avelina is a collection of 89 stunning townhomes reflecting Modern Spanish and Modern Farmhouse designs. Homes range from 1,767 to 1,840 square feet. Read More Builder and Developer Magazine
MBK Rental Living Now Leasing Luxury Rental Community in Morgan Hill Surrounded by the Santa Cruz and Diablo mountain ranges, Vida at Morgan Hill offers 389 new apartments and townhomes in Silicon Valley. Read More Builder and Developer Magazine
Johnson Development Names Builders for Kresston Master-Plan Johnson Development is bringing six nationally accredited homebuilders to its new Montgomery County community of Kresston, with home sales in the much-anticipated community expected... Read More Builder and Developer Magazine
Del Webb Announces Noblesville Community in Central Indiana Scheduled for a grand opening in Spring 2025, Finch Creek, an active adult development by Del Webb, will seamlessly integrate into a master-planned community, offering residents the best of both... Read More Businesswire
Kaulana Mahina Workforce Housing Apartments Celebrates Grand Opening in Central Maui When finished, Kaulana Mahina will comprise 324 affordable and market-rate rental apartments on 14.4 acres. With over 3,000 applications received, the need for housing on Maui has... Read More Maui Now

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