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Archives for October 2014

More Americans Are Going Solo

Single adults will change the face of the housing industry The U.S. is becoming a nation of singles. According to the Bureau of Labor Statistics, half of all American adults live in one-person households, and this demographic is heavily influencing the companies that want to reach out to them. Restaurants are including more communal seating to be inclusive for single diners. Multifamily communities are offering shared spaces such as home theaters, outdoor spaces, and work areas so that singles can socially … [Read more...]

Why Prospects of Condo Comeback Are High

Condo sales have been on a roller coaster ride in recent years, as the recession hit the sector hard. But is the country ready for a condo revival? In 2005, condo sales surged to 12.7 percent of all home sales. But the financial crisis caused the condo market to recede — even more so than the single-family market — with sales falling to 10.7 percent of all home purchases in 2009. "Condo sales moved sideways several years after the recession before picking up steam again in 2013," CoreLogic Deputy Chief … [Read more...]

There is a Light at the End of the Phoenix Recovery Tunnel

Phoenix may have to wait another two years to make it out of the prolonged recovery following the worst economic calamity in four generations. The word from speakers at the SRP Economic Forecast 2015 presented by thePhoenix Business Journal is that 2016 is year of full recovery. A group of more than 700 business professionals gathered at the J.W. Marriott Phoenix Desert Ridge Resort & Spa to hear the advice. It’s been a long, slow climb, and the light at the end of the tunnel has been seen for over a … [Read more...]

Switching Up a Colonial Home to Suit a Modern Family

Floor plan labels are thrown out the window as a designer helps a family shape rooms to fit the way they live The layout of their colonial home in East Greenwich, Rhode Island, was not working for this active family of five. “The house was not cozy or kid friendly,” says interior designer Jocelyn Chiappone, of Digs Design Company. The family room was too small, they used the formal dining room only for Christmas dinner, and the living room was full of uncomfortable small-scale inherited antiques. After getting … [Read more...]

6 Design Trends You’ll See More Of

What home-design trends will likely catch on in new construction? Builder Online recently spoke to Mollie Carmichael, principal at John Burns Real Estate Consulting, and Nick Lehnert, executive director at architecture firm KTGY, about the design trends that are gaining popularity in the new-home market this year:   Private space Baby boomers, empty nesters, and Gen Yers are showing a preference for homes that have more private outdoor spaces, straying from the traditional "public" backyard, according to … [Read more...]

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