Mortgage Rates Are Coming Down
That upward trend accelerated again this summer, after the Fed paused its hikes, making home ownership less affordable than it has been since after World War II – including in 1982 when the prime...
Demand for Housing and Businesses in the North Remains Strong
A Heurich Home in the Mallard Pond development in Marshall Township.In its most literal sense, all roads led to ancient Rome, then an expanding city and empire, with many modern-day contributions. ...
Easy Living Low Maintenance Housing
Easy Living Low Maintenance Housing After decades of lawn care, shoveling snow and all the work involved with taking care of a larger property, it is no wonder that many people are flocking to low...
Shelter Inflation
The Inflation Battle May be Down to Housing and Shelter. For almost two years, prices in the U.S. have been rising faster than normal. As a result, interest rates have gone much higher, much faster...
Single-family Home Production
In January, the National Association of Home Builders (NAHB) announced that single-family home production was off to a sluggish start in 2023. And while that caused some concern in the...
Housing in Our Eastern Communities
With the pandemic behind us, hopefully, and a concerted push toward new economic development east of Pittsburgh, new housing looks even brighter for Westmoreland and eastern Allegheny Counties. For...
New Construction Affordability
Perhaps the problem of housing affordability is not yet a crisis, but it is on its way toward crisis unless a change in trend occurs. Solutions to this problem are pretty obvious, and also quite...
Outdoor Living – Integrating the Natural Environment
Nature offers many physical, emotional and mental health benefits. Perhaps that’s why many homeowners are embracing the addition of outdoor spaces or building homes with outdoor amenities.
Upscale Renovations
When it comes to making upscale renovations, most projects are only limited by the size of the lot, the investment a homeowner wants to make, and their imagination. While some homeowners may dream of an updated kitchen or bathroom, others may want a full outdoor kitchen with additional entertaining space. And then there are those who want to take the house down to the studs to design a completely new home customized to their dreams.
Residential New Construction Update 2023
There are more than enough reasons why homebuilders should be worried about their prospects for 2023, yet it is hard to find a builder that has not seen an upswing in traffic and interest in new construction since the beginning of the year.