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Master planned communities post strong new home sales numbers in 2023

Housing Wire

Despite high mortgage rates , master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022.

Buyers 412
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ADU options set to expand in California

Housing Wire

It is shipped from the Boxabl manufacturing facility in Las Vegas and is “designed to unfold into a fully functional dwelling unit in just a few hours,” reducing construction costs and minimizing environmental impacts, according to a company news release.

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Strong Quarter for Single-Family Built-for-Rent Construction

Eyes on Housing

Single-family built-for-rent construction accelerated at the end of 2023, as builders sought to add additional rental housing in a market facing elevated mortgage interest rates. This is more than. Read More ›

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Phoenix building restrictions squeeze construction firms and agents

Housing Wire

In certain parts of the Phoenix AMA that do not have a designated water provider, builders and developers need a certificate of AWS to obtain a building permit. On August 4, 2023, 5,259 single family homes were for sale in Maricopa County, down from 11,890 homes on August 9, 2019, according to data from Altos Research.

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Zonda announces major business acquisition

Housing Wire

By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. Zonda will be able to integrate its new construction data and tech platform with the leading portal for U.S. The demand for new construction isn’t waning.

Business 321
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Opinion: More financing options for ADUs are needed

Housing Wire

Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing. Fannie Mae and Freddie Mac already have some guidelines for ADU financing, but they have yet to have a major impact on the overall supply in the market.

Finance 435
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White House, HUD announce $5.5B in housing and community development grants

Housing Wire

The funding is designed to address a series of local needs including affordable housing , homelessness assistance and community development. billion will go to 668 recipients specifically for the construction of new affordable housing units through the HOME Investment Partnerships Program. Another $1.3