FHFA sets Fannie and Freddie reforms; New arrivals migrate to homeownership; Millennials prefer small and smart; Toll Brothers to build near Denver; Weekley Homes expands to Salt Lake City; Leasing homes attracts buyers for RSI
Sales of newly built, single-family homes rose 1.5 percent to a seasonally adjusted annual rate of 417,000 units in March, according to newly released figures from HUD and the U.S. Census Bureau.
The pace of housing starts in March tipped a milestone, posting an annual rate of 1.04 million units, an increase of 7 percent from February and up 47 percent from a year earlier.
David Weekley Homes’ entry into Salt Lake City, Utah, may not necessarily be a beachhead for more westward expansion, but the move will be a long-term commitment for the Houston-based home builder.
KTGY Group, Inc., Architecture and Planning, has announced that AMLI Residential has received city approval for AMLI Uptown Orange, a 334-unit eco-friendly apartment community in Orange, Calif.
Toll Brothers, Inc., has contracted to acquire 387 lots at Anthem Ranch, the premier active-adult community in the metro Denver market, the company announced.
For-sale multifamily housing is poised for an upswing, but it’s not going to overtake rental apartments just yet. There’s room in the market for both to succeed.
Home builders are in the crosshairs as cash-strapped local governments that have seen their budgets decimated during the economic downturn look for ways to shift infrastructure costs to the private sector.
