Homeowners are hitting the pause button on remodeling projects, which may prompt home renovation activity to fall to its lowest level in three years, according to a new report from Harvard University’s Joint Center for Housing Studies.“Remodeling activity tends to go hand-in-hand with home sales, so when a homeowner is preparing their home for sale they’re likely to do some work just getting their home ready for the market,
Your buyers may say they want a “modern” or “contemporary” home, but those two words are not interchangeable. So, what do they really mean?Modern and contemporary styles do share many of the same traits, but they are two distinct styles. And they often get confused, according to an article by Marvin Windows and Doors that sets out to clarify the two styles.Contemporary tends to refer to architecture of today and, as such, it is constantly
Builders across the country are betting on luxury townhomes to try to get more young adults into homeownership. Open floor plans, high ceilings, and upgraded amenities are features they hope will lure millennials to buy their first home.“When a lot of people think of townhouses, they think of these very narrow homes because the floors are stacked on top of one another,” Felix Bravo, a sales executive with Pordes Residential in Miami, told For
Farmhouse design continues to gain popularity in kitchen remodels, according to the 2019 Houzz Kitchen Trends Study, a survey of more than 1,300 homeowners who are planning or in the midst of a kitchen project.Eighty-two percent of renovating homeowners this year who are changing the style of their kitchen says they’re making it farmhouse. Farmhouse now nearly ties contemporary in popularity (14 percent versus 15 percent, respectively). Transit
Home remodeling isn’t as easy as it looks on TV. And for nearly two-thirds of homeowners who’ve attempted a do-it-yourself house project, they say they regret not calling in an expert on at least one of their projects, according to a new survey from ImproveNet of about 2,000 Americans.But the motivation to save some money is a big driver for their attempts. On average, homeowners said they hoped to save at least 60 percent in costs by bypassi
Many homeowners are attracted to do-it-yourself home projects, particularly members of younger generations, according to the National Association of REALTORS®’ “2019 Remodeling Impact Report: DIY.” In fact, homeowners may even be happier when they DIY than when they hire a professional to handle a project.Homeowners reported a “joy score” of 9.9 for projects they do themselves (joy scores range from 1 to 10, with higher
The homebuilder PulteGroup has reportedly reached a settlement in Florida over allegedly building homes that failed to meet the state’s building codes.Florida Attorney General Pam Bondi says a two-year investigation found that the builder failed to disclose to some Florida buyers that their homes did not meet the state’s building code. Pulte was accused of “unfairly denying” some homeowners’ claims for repairs by refusing to perform an
The latest home design craze embraces the cozy—think fuzzy blankets and extra throw pillows. This style is called “cwtch,” and its expected to grow as a popular housing trend in 2019.Cwtch (pronounced “kutch”) means a cuddle, a hug, or a hiding place. It’s replacing hygge, another cozy design trend that made waves in home decor over the past two years.“I think of that rainy day when you just want to curl up and read a
Fewer new single-family homes entered the pipeline in November as housing affordability concerns continued to hinder inventories, the Commerce Department reported Tuesday.Housing starts increased 3.2 percent in November to a seasonally adjusted annual rate of 1.26 million units, but the increase was all due to an increase in multifamily starts—apartment buildings and condos. Multifamily starts rose 22.4 percent last month, while single-family h
Expect to see more coral hues in home design next year. Pantone, the corporation known for its paint forecasts, unveiled “Living Coral” as its 2019 Color of the Year. The color, an orange shade with golden undertones, embodies “warmth and comfort,” Pantone says.Living Coral can make a bold statement as an accent color, and forecasters expect to see it in more shag rugs, cozy blankets, and upholstery to “create a warm, comforting, and nu
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