Builders added fewer homes to the pipeline in February, but the National Association of Home Builders says the numbers may be misleading about the extent of the actual shortfall.Total housing starts plunged 8.7 percent in February to a seasonally adjusted annual rate of 1.16 million units, the U.S. Commerce Department reported Tuesday. (The annual rate is the number of housing units builders would begin if they kept pace for the next 12 months.)
More potential home shoppers may be getting spooked by recent news headlines about the housing market, and they may be making them skittish. Sixty-two percent of surveyed home builders say “negative media reports” have made it problematic for them in attracting buyers this year, among the top concerns they identified to attract buyers, according to a survey by the National Association of Home Builders/Wells Fargo Housing Market Index.Other is
Home builders are lowering their prices to appeal to a growing number of home shoppers. In January, 66 percent of new single-family homes were priced between $200,000 and $400,000, compared with 22 percent of homes that were in the $400,000 to $750,000 range, according to U.S. Commerce Department data. A year ago, 51 percent of homes sold in the $200,000 to $400,000 range, while 29 percent sold in the $400,000 to $750,000 price points.
Painting a room can be one of the most budget-friendly ways to makeover a space. But some commonly held myths about choosing the right paint may prevent some homeowners from finding the truly perfect hue to enhance their space.Realtor.com® recently spoke with painting experts to address some of these common myths about painting a home. Some of those include:Dark paint colors make a room look small.In fact, it’s just the opposite in many cases,
Live plants are being added into cabinetry and even directly into the kitchen island. At this year’s LivingKitchen, a trade show in Cologne, Germany, numerous manufacturers showed off the latest worldwide kitchen trend: more greenery near cooking spaces.Living plants are appearing on the back or tops of kitchen islands and peninsula cabinets. They’re also appearing as wall shelving, which include grow lights to keep them thriving even when tu
Complaints about the condition of homes on military bases, including lead poisoning, mold, and poor construction, have grown worse since the problems were first revealed in a Reuters investigation last August. NBC News did a follow-up piece Friday looking at whether there has been any improvement but found that the number of complaints by military families has increased, now getting the attention of lawmakers.Seventy-three percent of homeowners
Your color palette makes a huge difference. Bronze, brass, nickel, or chrome? Choosing metals for your home can be daunting, so here's a suggestion: Don't choose just one. All the best designers know there's no magic in being matchy-matchy—and that policy is true for metals as well as bedroom sets. Instead of agonizing over the "right" metallic finish, consider mixing them up.We realize this concept might be daunting to some, so, to
Home interiors are softening up with lighter neutrals and more casually designed modern spaces, according to PulteGroup’s in-house team of interior designers that furnish model homes nationwide.“Much like a change to spring weather, warm natural elements are brightening up homes this season, in combination with a clean, modern approach that does not sacrifice comfort,” says Angela Nuessle, national director of interior design
Sales of newly built single-family homes picked up at the end of last year, reaching the highest level since May 2018, a newly released report from the U.S. Commerce Department shows. New-home sales increased 3.7 percent in December to a seasonally adjusted annual rate of 621,000 units (the number of homes that would sell if this pace continued over the next 12 months).“Despite a period of weakness in the fall, new home sales ended the year wit
Fewer new homes are being built across the country, despite desperate calls from the housing industry to build more. New-home starts plunged to the lowest level in more than two years in December, the U.S. Commerce Department reported Tuesday.New-home construction dropped 11.2 percent in December and is now at the slowest pace of construction since September 2016. Housing starts have dropped 10.2 percent over the past year, with decreases in both
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