The Official Online Newspaper of NAHB
A newly updated economic model developed by NAHB enables builders, developers, prospective home buyers and home owners to see the impact that various physical features and neighborhood characteristics might have on the price of a home.
Looking broadly at the four principal Census regions of the country and the urban status of areas — central city, suburb or non-metro — NAHB’s online house price estimator finds a general tendency for house prices to be higher in the Northeast and West, as well as in central cities and suburbs.
The price tends to be lowest for homes built outside of a metro area, although some regional variation exists regardless of urban status. ... Read More
|Framing Lumber Composite||$ 262||$ 1|
|OSB Composite||$ 203||$ 1|
|Southern Pine Plywood Composite||$ 456||$ 2|
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One of the first striking differences about Residence 2 by Brookfield Homes in the eco-savvy Rockrose at the Foothills community in Carlsbad, Calif., near San Diego is the entry portico that leads to a secluded side entry.
But the elegance and excitement don’t end there. Once inside the formal entry, visitors can see that this award-winning home is built for entertaining. ...... Read More
Representing major headway in gaining fair appraisals for green homes, the Appraisal Institute has introduced a new form to help analyze values of energy-efficient home features.
The first of its kind, the three-page Residential Green and Energy Efficient Appraisal Addendum is intended to be used by appraisers and is designed to be attached as an optional addendum to Fannie Mae Form 1004, the appraisal industry’s most widely used form for lending purposes.
“This addendum is another example of how the Appraisal Institute is at the forefront of real estate valuation,” said Appraisal Institute President Joseph C. Magdziarz. “It will help the industry standardize the way residential energy-efficient features are analyzed and reported.” ...... Read More
Keith Grant, co-owner of Grant & Co. in Collierville, Tenn., may not have heard of half of the social media websites on which his agents are listing his homes, but he knows they’ve helped his company grow from a 2% to a 15% share of the Memphis market.
“I have one agent in particular who sold nearly twice as many homes as all the rest of my other agents and she was putting her stuff on every one of those websites,” he said.
Grant was speaking at the “Builder Focus: Proven Strategies for Success” session at NAHB’s fall board meeting in Milwaukee on Sept. 8, which featured builders from around the country who have been thriving despite the housing downturn. ...... Read More
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