A new year often marks the beginning of a new life chapter. In the wake of the COVID-19 pandemic, more Americans are interested in purchasing homes. According to the National Association of Home Builders’ (NAHB) latest Housing Trends Report, survey responses show that the share of Americans who are considering the purchase of a home in the next 12 months …
Financial Fitness for First-Time Home Buyers
Buying a home for the first time can be a rewarding experience. A home is an investment and place for you and your family to call your own. There are many steps involved in purchasing a home. Before you fall in love with a property or contact a real estate agent, it is important to make sure your finances are …
Record-High Lumber Prices Add $24K to the Price of a New Home
Lumber prices have skyrocketed more than 180% since last spring, and this price spike has caused the price of an average new single-family home to increase by $24,386 since April 17, 2020, according to NAHB standard estimates of lumber used to build the average home. Similarly, the market value of the average new multifamily home has increased by $8,998 over …
Prep Your Home to Sell This Spring
Whether you would like more space to accommodate a home office, gym or play area for the kids, the current home buyer’s market makes it an ideal time to make a change. If you are planning to sell your home to purchase a new one this year, it is important to make sure your existing home is presented in the …
New Year, New Career in Construction
The pandemic changed the way people lived and worked this year and many industries laid off employees due to economic constraints. One of the overall bright spots in the economy, however, was the home building and remodeling industry. Residential construction was deemed an essential business by many state and local governments across the country during COVID-19 business restrictions. Throughout the …
Remodeling Your Home Safely During COVID-19
The pandemic has upended many activities; however, contractors are continuing to work to modernize homes across the country. Professional remodelers are taking on extra safety precautions to help meet the needs of home owners during the pandemic. If you’re interested in remodeling your home, consider the following steps to help put your mind at ease, so you can comfortably start …
Home Buying Interest Increased Amid the Pandemic
The pandemic changed consumer purchasing habits this year, from more restaurant take out to fewer live, in-person entertainment ticket sales. How did the pandemic affect larger purchases like homes? According to the National Association of Home Builders’ (NAHB) latest Housing Trends Report, survey responses show that home buying interest increased amid the pandemic in the third quarter of 2020. Home …
Outdoor Living Design Ideas
With more time spent at home this year, getting some fresh air and spending time outside the home is growing in popularity. Even before the pandemic, the demand for outdoor living space has been growing. A majority of home buyers (87 percent) ranked “patio” among the top essential features in a home, according to a recent analysis from the National …
Preventative Fall Maintenance Tips for Your Home
The leaves are starting to change color and the summer’s heat wave is behind us — all signs that the fall season has finally arrived. With more time spent at home this year, taking on a few preventative home maintenance projects will not only keep your family living space comfortable; it will help safeguard your home investment. Here are a …
Outdoor Living Design Ideas
With more time spent at home this year, getting some fresh air and spending time outside the home is growing in popularity. Even before the pandemic, the demand for outdoor living space has been growing. A majority of home buyers (87 percent) ranked “patio” among the top essential features in a home, according to a recent analysis from the National …