Recovery Remains Uneven as Cities Spared in Bust Soar, but Many Others Struggle Home prices have zipped back into record territory in a handful of American cities, a milestone that comes seven years after the housing bust ravaged the market and the broader economy. Values are up more than 13% from their 2007 high in Oklahoma City and by more than 6% in the Denver metro area. Prices are back to all-time highs in 10 of the nation's 50 largest metropolitan areas, according to a Wall Street Journal analysis of … [Read more...]
Archives for December 2013
10 Things Architects Want You to Know About What They Do
December 4, 2013 by Leave a Comment
Houzz.com recently spoke with two Best of Houzz architects, Nils Finne of Finne Architects and Michael Coates of Coates Design, to get the inside scoop on what architects do, where they find inspiration and what you should know before you hire one for your project. Here are 10 of their insights. What do architects do? Architects plan and design buildings and coordinate construction. Most U.S. states require licensed architects to have specialized education and experience and to pass a rigorous … [Read more...]
US construction spending up 0.8 percent in October
December 4, 2013 by Leave a Comment
U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government projects. But spending on home construction and commercial projects both fell. Overall construction spending increased 0.8 percent in October to a seasonally adjusted annual rate of $908.4 billion, the Labor Department said Monday. That’s up from September, when spending fell 0.3 percent. The October pace was the best since May 2009 and was driven by a 3.9 percent surge in … [Read more...]
Nearly Half of States Within Reach of Peak Home Prices
December 4, 2013 by Leave a Comment
Twenty-three states are within 10 percent of their 2006 home price peaks, CoreLogic reports in its latest housing data report reflecting October data. Home prices have increased 12.5 percent year-over-year. However, prices had a more modest month-over-month gain of 0.2 percent from September to October. CoreLogic’s Home Price Index also reflects distressed sales. “In terms of home price appreciation, the housing market appears to be catching its breath as we head into the final months of 2013,” says Anand … [Read more...]
