According to the National Kitchen & Bath Association, trends in kitchen and bath design for 2010 won’t be much different from the previous year, although certain styles, colors, coverings, finishes and materials are gaining rapidly in popularity.
Reed Construction Media, a division of Reed Business Information that includes Professional Builder, Professional Remodeler and HousingZone.com, has launched the National Housing Quality Executive Council, a group of 29 home builders, remodelers and housing consultants who are fully committed to serving the industry with practical advice concerning all crucial aspects of the home-building and remodeling businesses.
After a surge of activity spurred by the expiring first-time home buyer tax credit, the National Association of Realtors reported today that contract activity for pending home sales fell, but still remains above 2008 levels. Based on contracts signed in November, the Pending Home Sales Index dropped 16 percent to 96 from an upwardly revised 114.3 in October.
Construction spending in November declined 0.6% from the previous month to a seasonally-adjusted annual rate of $900.1 billion, according to a just released report by the U.S. Census Bureau of the Department of Commerce. That represents a 13.2% decrease from November 2008 with construction spending of $1.03 billion.
Professional Builder’s February 2010 Market Research Roundtable
New data from a leading measure of U.S. home prices, the Standard & Poors/Case-Shiller Home Price Indices, today pointed to a continued improvement in the annual rate of decline of housing prices. Compared to last month’s readings, the 10-City and 20-City Composites improved, marking over eight months of improvement to these statistics.
Manhattan, Las Vegas and Providence, R.I., are among 25 markets that are forecasted to experience steep deflation in housing prices in 2010, according to a new report from the Housing Predictor that forecasts 250 local housing markets in all 50 states. Characteristics studied include income levels, employment trends and changes, school enrollment, business trends, regional political influences, real estate sales history and current housing market velocity.
In an attempt to garner the votes needed to pass a massive health care overhaul before Christmas, Senate Democrats have included a last-minute provision targeting the construction industry that the National Association of Home Builders calls unfair.
After analyzing 20 micro-market characteristics for 250 housing markets across the country, Housing Predictor has identified the top-25 cities that are expected to have the best housing appreciation rates in 2010. Characteristics studied include income levels, employment trends and changes, school enrollment, business trends, regional political influences, real estate sales history and current housing market velocity.
Mortgage rates showed a slight increase last week, according to the latest weekly survey from the Mortgage Bankers Association. The average contract interest rate for a 30-year fixed-rate mortgage increased to 4.92 percent from 4.88 percent the previous week, although mortgage loan applications were still up 0.3 percent.