Smaller, Better New Houses Coming
Bigger isn’t always better. Going into the spring shopping season, buyers looking for newly built houses will find places that are smaller, but just as functional.
Bigger isn’t always better. Going into the spring shopping season, buyers looking for newly built houses will find places that are smaller, but just as functional.
It’s been over 40 years since Tom Hastings started his homebuilding odyssey with the innovative Leisurewoods 55-and-over development in Rockland. Along the way, he’s turned bunkers into housing and helped transform the Hingham Shipyard.
Signs suggest many large homebuilders, and even their smaller brethren, have gotten too far out over their skis.
The legislation aims at homes with at least three bedrooms no bigger than 1,850 square feet – in a bid to make homeownership more affordable.
The rising age of homes sold in Massachusetts is a sign of how far housing production has fallen in the state’s biggest metro areas.
Too narrow a focus? That’s the big question about the Healey administration’s efforts to tackle the housing crisis to date, which have been skewed towards apartment projects.
The former site of 12 homes for Coast Guard personnel are being auctioned off by officials in Nahant starting this week, a rare chance for homebuilders to develop new properties in the exclusive North Shore town perched on a rocky outcrop in the Atlantic Ocean.
Builders are constructing their smallest houses in years, but they still may not be small enough for a significant portion of the population.
The Bay State’s plans to rein in skyrocketing housing costs can be summed up as: build more multifamily housing. But that puts them at odds with the dreams of today’s buyers.
Even though I live in a custom-designed house, I don’t recommend designing your own place from scratch. It’s not for everyone.
As federal and state authorities continue to clamp down on foreign investments in American businesses and real estate that could pose a risk to national security, some foreign entities are expanding into American homebuilding.
Two model homes being showcased at this week’s International Builders’ Show try to offer solutions to some of today’s biggest challenges: sustainability and the difficulty of “trading up” as your family changes.
Scrap tires have been recycled for years into building products like flooring, infill decking and septic system drain fields. But they’re not the only thing. From coal ash to washed-up seaweed, our homes help reduce and reuse.
The existing home market has been stymied – by mortgage rates in the 8 percent range and ultra-low inventory – and it’s created an opening for builders to take credit for double their normal share of sales.
The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale.
With most homeowners who might have sold in other years sitting tight, the share of newly-built homes in the Greater Boston housing market has nearly doubled in a single year.
In February, overall house prices registered their smallest year-over-year gain since September 2021. Even so, housing’s share of the Consumer Price Index rose at an accelerated pace.
When it comes to new homes, the savvy buyer knows what they want. But buyer desires have some big differences depending on the type of property they’re hunting for.
Homebuilders are cutting back: not just in the number of bedrooms, but also the number of bathrooms and anything else where they can make their plans less expensive to build.
The U.S. housing market has gone from red-hot to decidedly tepid since the spring, though you wouldn’t know it by this summer’s sharp rebound in homebuilder’s stocks.