Share Of Women In Construction At An All Time High

An economic slowdown has been widely forecasted, and this brings into question its inevitable impact on the housing market. But while a slowing economy typically causes a rise in mortgage delinquencies,  Capital Economics   predicts  the impact will be minimal. In the next several months, home-price growth will continue to slow, with Capital Economics predicting it to grow by just 2% in 2019 and remain unchanged in 2020. But because of the market’s tight supply, values will remain strong, and this will incentivize homeowners to keep up with their mortgages. Further, while the slowdown will also affect the employment rate – with Capital Economics predicting it will rise from 3.6% to 4.7% in 2020 – this will not cause delinquencies to spike thanks to stricter lending standards, “which mean borrowers today are better placed to manage a short-term loss of income.” All things considered, the economists predict delinquencies will rise marginally, increasing from it...

Higher home prices negated the lowest interest rates in more than a year and reduced Californians’ ability to afford a home purchase in the second quarter of 2019, the  CALIFORNIA ASSOCIATION OF REALTORS ®  (C.A.R.) said today. The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in second-quarter 2019 dipped to 30 percent from 32 percent in the first quarter of 2019 but was up from 26 percent in the second quarter a year ago, according to C.A.R.’s Traditional Housing Affordability Index (HAI). California’s housing affordability index hit a peak of 56 percent in the second quarter of 2012. C.A.R.’s HAI measures the percentage of all households that can afford to purchase a median-priced, single-family home in California. C.A.R. also reports affordability indices for regions and select counties within the state. The index is considered the most fundamental measure of housing well-being for home buyers in the ...

There's a lack of affordable housing in this country, and it's starting to weigh heavily on home prices. The national median existing single-family home price increased 4.3% annually to $279,600 in the second quarter of 2019, according to the  National Association of Realtors , which showed that prices rose in 91% of measured markets. NAR Chief Economist Lawrence Yun said in order to prevent greater price appreciation in more affordable metros, homebuilders must bring more homes to the market. “New home construction is greatly needed; however, home construction  fell  in the first half of the year,” Yun said. “This leads to continuing tight inventory conditions, especially at more affordable price points. Home prices are mildly reaccelerating as a result.” According to NAR’s findings, 93 out of 178 housing markets experienced price growth of 5% or better in Q2. Yun warns that this acceleration will likely lead to a greater slowdown in home sales. ...

Home prices are continuing to appreciate, just not as rapidly as before. Prices rose by 3.4% in June from the year before, according to the latest data from  CoreLogic . On a month-over-month basis, prices rose just 0.4% from May to June, but CoreLogic predicts the leap from June to July will see prices rise slightly higher at 0.5%. ( See chart below; click to enlarge .) CoreLogic Chief Economist Frank Nothaft said apathetic home sales are to blame. “Tepid home sales have caused home prices to rise at the slowest pace for the first half of a year since 2011,” Nothaft said. But, prices for single-family homes remain at an all-time high and are  continuing to grow , CoreLogic revealed, predicting homes in this market will accelerate price growth to 5.2% by this time next year. Limited inventory of entry-level homes has pushed up demand and therefore prices for homes in this category, and Nothaft said this will help drive home price growth for the second half of th...

As  housing affordability  continues to be a national concern, several states have introduced zoning legislation that aims to tackle the issue by building more affordable, high-density housing. One of these states, Oregon, recently passed  House Bill 2001 , a measure that will soon require cities of more than 10,000 people to permit duplexes in areas currently zoned for single-family usage. While Oregon’s lawmakers believe the bill will promote housing affordability, data suggests that their constituents may be against the move. According to a survey from  Redfin , more than half of the nation’s homebuyers and sellers claim to oppose the building of dense housing in their neighborhoods. In order to determine this the company surveyed nearly 3,000 respondents, asking them which housing policies best reflected their zoning opinions. According to their findings, homebuyers and sellers were nearly twice as likely to oppose the building of dense housing than ...

1. Rolling Chopping Station A cutting board with storage and legs on casters can be tucked away when not in use. “The rollaway cart is super helpful in keeping countertops clear and gives the cook added chopping surface in a pinch Kitchen Elements 2. Custom Drawers for Extra-Large Items Two top drawers store napkins, place mats and other tableware close to a nearby bistro table. The bottom drawer stores a large stockpot that one of the homeowners wanted easy access to. This tall stockpot was not going to fit in the pot-and-pan drawers to the left and right of the range. You need both of those drawer cabinets to be exactly the same dimensions to each other.  Sarah Kahn Turner 3. Chopping Block With Storage A custom end-cut cherrywood cutting board installed on a cabinet.  Sarah Kahn Turner 4. Shallow Storage One end is a full-height, 12-inch-deep base cabinet that stores serving trays that can be easily pulled ...

As greenhouse gasses go unchecked, more than 800,000 existing homes worth $451 billion are at-risk for a 10-year flood by 2050. By 2100, those numbers will jump to 3.4 million existing homes worth $1.75 trillion. According to a  study  from  Zillow , about 20,000 homes built in coastal cities are at-risk for chronic flooding by 2050. "This research suggests that the impact of climate change on the lives and pocketbooks of homeowners is closer than you think. For homebuyers over the next few years, the impact of climate change will be felt within the span of their 30-year mortgage," said Skylar Olsen, Zillow's director of economic research and outreach.  Over the past decade, tidal flooding has risen in many coastal communities. However, since 2009, a third of the nation’s coastal cities have seen an influx of new homes being built.  As water levels rise, sea level rises. There is a 10% annual risk of this type of devastating flood, reaching farther in...