Millennial Home Preferences vs. Other Generations
A recent study by the NAHB Economics department highlights the differences between millennial home buyer preferences and other generations over recent years.
IBS 2020 Show Home Boasts Serious ‘Curve Appeal’
While The American Home 2019 had a single-sloped roof line and predominantly square-edged designs, the 2020 edition largely consists of radius walls and other rounded design elements. In fact, one of the first things visitors will notice is that the front of the home is built entirely with curved walls.
Why Lower Interest Rates are Not Boosting the Housing Market
Recent jolts to the economy stemming in part from an intensified trade war with China have worried markets and resulted in a significant decline in interest rates as investors have shifted from equity to bonds. Lower interest rates present an opportunity for the housing market, which has failed so far to respond energetically to this positive development due to prior housing affordability headwinds.
NAHB Announces Delay in the Production of the Housing Opportunity Index
The scheduled second quarter release of the NAHB/Wells Fargo Housing Opportunity Index (HOI), which measures housing affordability in more than 200 metropolitan areas across the nation, will be delayed for three months because key government data used to calculate the index is no longer available.
Top 10 Features Millennials Want — and Don’t Want
At least four out of five millennial buyers prefer laundry rooms, hardwood front exteriors, patios and garage storage. Conversely, they give a thumbs down to elevators, wine cellars and laminate countertops.
Member-to-Member Relationships Key for State and Local Associations
Retaining members is just as important as finding additional members. And because retention is such a critical component of membership, NAHB is introducing a new cash rewards program called Attention to Retention.
‘Impossible’ Project Provides Critical Workforce Housing Options in Memphis
Repurposing a 1.5 million-square-foot decaying building that’s been abandoned for decades and is too expensive even to demolish may seem like an impossible task. Yet a group of non-profit organizations in Memphis tackled this feat by turning a 1927 vintage Sears distribution center into a “vertical urban village” that includes resources for the arts community, for education, and for health and wellness services.
Labor Shortages Still Hurting Affordability
Labor and subcontractor shortages remained widespread in July of 2019 and are continuing to impact the industry in a number of ways — including putting additional upward pressure on new home prices — according to a recent survey conducted by NAHB.
How to Get Involved with the HBA Sustainability Network
NAHB initiated the HBA Sustainability Network in 2018 as a way for local home builder associations (HBAs) to educate others on sustainability efforts that are occurring throughout the country. The next call on Aug. 28, from 2-3 p.m. ET, will cover the latest consumer trends related to energy efficiency and green building based on NAHB’s What Home Buyers Really Want survey.
Building Systems Week Celebrates Members’ Innovation and Leadership
This weeklong celebration is focused on expanding builders’ awareness of the many advantages to using building systems, while showcasing Building Systems Councils members’ success in this fast-paced, high-growth marketplace.
