Archives for April 2012

New-Home Design Trends Amp up Creativity but Cut Costs

New_House_PlansThe hottest design trends in new homes this year incorporate creative use of materials, layouts and features that provide maximum utility and beauty while being cost-conscious at the same time, according to the National Association of Home Builders (NAHB). In celebration of April’s New Homes Month, NAHB shares the following top trends highlighted by leading home builders and architects during the International Builders’ Show in Orlando, Fla., this past February:

Reworked Spaces: New homes are being designed to allow plenty of space for family interaction in high-traffic areas such as the kitchen, and to eliminate rooms such as formal dens and home offices that aren’t frequently used. Small spaces devoted to home management, also known as “pocket offices,” are being included in large pantries or spaces nearby the kitchen or family great room. Window seats and alcoves are being used to provide an area for private time, without taking up a lot of space. A popular and efficient location for laundry facilities is now added onto the master bedroom’s walk-in closet.

Expanded Amenities: Multifamily development designs are increasing the number of resident amenities in order to compensate for smaller unit sizes. Gyms and media rooms have been common for years, but facilities such as libraries and business lounges with individual workspaces are now being offered as well.

Multigenerational Living: Many families are all living under one roof due to increasing cultural diversity and the state of the economy during the past few years. New single-family home designs reflect this with “shadow” units that are built alongside a home, or separate living units that access the main floorplan through a door, or homes with at least two master suites—often with one located on the ground floor to be more accessible for elderly occupants.

More Impact, Less Cost: Rectangular home designs are more cost effective, so new homes no longer have the formerly-popular feature of multiple roof lines or the resulting unnecessary interior volumes they created. But home designs now include innovative modifications that are still visually stimulating, such as using two windows in a corner with mitered glass to allow unobstructed views and maximum light to come in. Another example is using a mix of materials in the home’s façade such as metal, wood and stone to give the home a modern look.

The latest new home design trends that support modern lifestyles are just one of the many reasons to buy a newly-constructed home. Safety, energy efficiency and near record-low interest rates and competitive prices make today’s new home market an attractive opportunity for many families.

For more information, please visit www.nahb.org

Winged House Delicately Perched in a Pristine Orcas Island Setting

Typically, new home construction means bulldozing a path to the work site, the site itself and the space around it, resulting in destruction that extends well beyond the footprint of the structure.

In this case, a lovely indoor-meets-outdoor, long-span layout wraps itself around an outcrop of rock and threads between various existing trees to avoid disturbing the nests of bald eagles and other natural elements of the site.

Concrete, wood and steel manage to bend to nature while also establishing modern living spaces – they also work to transition between open and closed platforms, walkways, and rooms in transition both inside and out.

Designed by Heliotrope Architects and set on Orcas Island in Washington state. From the architects: “This new residence is located on a pristine site comprised of a mature Douglas fir and pacific madrone forest, with occasional rocky clearings and several small ponds …. The long, narrow footprint of the home allows every room a view of the sea while also retaining a strong connection to the surrounding forest.”

Sculpture gives voice to the wind [VIDEO]

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It takes a certain kind of soul to hear the music of Mother Nature, so Luke Jerram decided to give the old lady a hand with his sculpture, Aeolus.

Inspired by the story of a well digger in Iran who claimed the wells in the Qanat desert sang, Jerram began some digging of his own to explore the the relationship between acoustics, engineering and aeordynamics with some help from researchers at the University of Southampton and the University of Salford.

The unique sculpture gets its name from the Greek god who ruled the four winds and is currently looking for a permanent home once its traveling days are over.

Puzzle parquet makes flooring interesting

This familiar pattern brings back images of rainy days spent putting together a jigsaw puzzle. When all the complex interrelating pieces fit together, it reveals a beautiful picture. The Jigsaw pattern does just that for your floors.

See all of the possibilities.

 

FHA Clarifies New ‘Credit Dispute’ Rule

fha-updateThe Federal Housing Administration is giving borrowers a chance to provide an explanation on any disputed collection accounts in their history in order to qualify for an FHA-backed mortgage. The new FHA rule took effect April 1 and had some in the real estate community concerned that it would shut more buyers out of qualifying for mortgages.

According to the FHA’s new rule, borrowers with any credit disputes of more than $1,000 on their file will not be able to get a government-backed loan. Borrowers will either have to pay the remaining balance of the credit amount or show proof of entering into a payment plan for it.

The FHA is easing those restrictions somewhat, according to new instructions it provided to lenders, HousingWire reports. Borrowers will be exempt from the new rule if the credit amount is from a “life event.” This might include a medical bill, death, divorce, or unemployment, HousingWire reports.

"The borrower may provide a written explanation and documentation as it applies to all types of disputed and collections accounts if it makes sense, and is consistent with other credit information in the file," according to instructions provided to lenders.

Also starting on April 1, the FHA raised its insurance premiums, citing it as another effort to try to rebuild its emergency fund, which has fallen below the mandated amount Congress requires.

Source: “FHA Eases New Rule on Collections Accounts,” HousingWire (April 3, 2012)

Bedroom Inspiration: Massive, Magnificent Walk-In Closets

Huge walk-in closets are one of the dream features that most of us wish we could have in our own homes. Whether you are ready to build your fantasy closet or are still firmly in the wishing phase, these incredible walk-in closets from Italian furniture manufacturer Doc Mobili are the perfect inspiration.

The custom built-in closets often require the homeowner to sacrifice a room for their clothing storage. An unused guest room is just about the right size for a gigantic walk-in closet.

But in homes that lack a neglected room that can be turned into a dream closet, a segment of the bedroom can be sectioned off instead.

The signature part of Doc Mobili’s walk-in closets is the transparent sliding glass doors. The doors serve to make the closet appear to be an extension of the room while also adding a deliciously modern flair.

Even if you don’t plan to build a magnificent closet at some point, these pictures of completed closets are eye candy for design lovers. The perfectly arranged hangers, neatly situated shoes and rich, dark wood are enough to elevate these closets to the level of fine art.

More Generations Live Under One Roof

multi generationalA growing number of families are moving in together, which sometimes means that three generations are living all under one roof.

The sluggish economy has caused some households to expand, taking in more family members to trim housing costs.

According to Census Bureau data, 4.4 million households had three generations or more under one roof in 2010. That is a 15 percent increase compared to two years prior.

The “double-up” phenomena is particularly pronounced among adult children, who are increasingly moving back with their parents after college to curb costs. The number of 25-to-34 year olds living with their parents jumped by more than 25 percent between 2001 and 2007, according to Census data.

The larger household sizes are causing builders to take notice and redesign floorplans to accommodate multi-generational households. For example, Pulte Homes says it’s swapping out one of the garages in its two-car garage plans to allow for extra space in a home for a guest room. And Toll Brothers reports that it’s creating new floorplans to accommodate multiple generations, such as a guest suite with a kitchen added where a family room may have once been.

Source: “The New American Household: 3 Generations, 1 Roof,” CNNMoney (April 3, 2012)

Washington Job Forecast Is Positive

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Economic consulting firm Moody’s Analytics has forecasted U.S. job growth by geographic region and by industry. This interactive was updated March 7, 2012. We will update it each month.

This graphic shows actual job growth through fourth-quarter 2011 and Moody’s Analytics’ forecasted job growth for first-quarter 2012 through fourth-quarter 2015. It covers every state, the District of Columbia and 384 metro areas, broken down by fourteen industry sectors. The data are seasonally adjusted.

National, state and metro data through fourth-quarter 2011 are averages of monthly data from the Bureau of Labor Statistics‘ Current Employment Statistics (CES) survey.

The CES survey tracks the number of people employed full and part time by industry. It excludes proprietors, self-employed people, unpaid family or volunteer workers, farmworkers and domestic workers. Government employment covers only civilian workers. Employees are counted where they work, not where they live.

The CES survey is based on a sample of businesses and government agencies and is subject to sampling and nonsampling error. As a result, precise employment rankings are not possible for all geographies and industry sectors. Industry sector estimates, especially for smaller geographies or industries, can be volatile due to smaller sample sizes.

The data for first-quarter 2012 through fourth-quarter 2015 are forecasted by Moody’s Analytics. Demographic trends such as population growth, migration patterns, the age composition of populations, cost of living and business costs, and the global orientation of regional economies are key factors in its forecasts.

The forecasting model reflects the industry makeup of regions and the growth outlook for those industries. For example, the industrial Midwest takes into account the problems in the auto industry, and the relative success of the technology industry is reflected in forecasts for California’s Bay Area and Boston.

Moody’s Analytics’ model also takes into account policy decisions made by the Federal Reserve and the U.S. government.

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Light-Filled Modern House Boat is a Small-Space Wonder

Breathtaking Coal Harbour Marina in Vancouver is home to this magnificently modern houseboat. The floating house is the newest to reside permanently in the harbor, and it is without a doubt one of the most impressive.

As a tribute to the boat sheds that once lined the harbor, part of the home’s exterior is clad in corrugated steel. But in a modern twist, the steel sports a mirror finish rather than the dull grey one the boat sheds had.

One of the challenges faced by the homeowners in building their ideal floating home was the very limited amount of space they had to work with. The main area of the house is occupied by an open-flow great room containing the living room, kitchen and dining room.

The kitchen and bathroom had to be similarly compact, but thanks to the wealth of natural light not one room of this cozy home feels cramped. Light colored floors, walls and surfaces also help to make the rooms feel larger than they really are.

Views of the beautiful harbor abound – from the nautical-inspired round windows to the two glass walls in the master bedroom. The gentle movement of the water creates a comforting constant motion.

Easily the most impressive feature of the floating home is the rooftop deck. From a seat on this deck the residents can enjoy spectacular views of the city and of one of the most gorgeous harbors in North America.