Archives for March 2013

Compact & Colorful Kids Room Design Ideas by KIBUC

From infancy to young adulthood, Spanish furniture manufacturerKIBUC keeps kids organized with a series of colorful and clever space-saving bedroom sets that offer different functions as the children grow. Completely customizable in a wide range of colors and finishes, each design offers a place to sleep, storage for clothes and toys, and, for older kids, a study area.

Children’s bedroom sets by KIBUC come in five age ranges: 0-3 years, 3-8 years, 8-12 years, 12-17 years and 17-25 years. The first set deals with the demands of infancy, such as cribs and changing tables, while teen bedrooms offer additional storage and trundle, bunk or transforming beds to accommodate siblings or visitors.

The various designs offer solutions for different personality types, like bedrooms with more storage for books and additional privacy, or setups for more social kids who often entertain friends.

As the kids grow into young adults, the designs become more sophisticated. The 17-25 series ranges from super-compact bedroom sets that could fit into a standard college dorm to entire separate rooms-within-rooms that can be closed off and curtained for a sense of private space. See the entire range, as well as adult furniture for the rest of the home, at KIBUC.com.

Modern Earth Shelter: Homes Built into the Hillside

Rather than attempting to transcend vernacular architecture, BAUEN architecture studio has embraced its wisdom for two homes that sit side-by-side in Luque, Paraguay. The homes are thoroughly modern, but utilize an ancient earth-sheltered tradition to work in harmony with the hot, humid tropical climate of the area.

From certain angles, the homes are almost entirely hidden behind hills, their curved roofs mimicking the grassy shapes around them. BAUEN used the earth that was displaced in constructing the homes to build artificial hills  that embrace the modern structures, stabilizing the temperature inside with the thermal inertia of underground spaces. This technique reduces the need for energy-intensive air conditioning.

Both homes feature lots of glass both on the upper levels, and on the wall facing the yard, to fill the interiors with light in spite of the subterranean design. Differing slightly from one home to the other, the aesthetics call to mind both ultramodern architecture and architectural typologies of the distant past.

“The ‘Culata Jovai’ or ‘House of Confronted Rooms’ is a real bioclimatic solution belonging to one of our traditional ways of living in harmony with the environment in Paraguay, and constitutes our base typology for a new reinterpretation according to new functional programs, needs of symbolic representation and new technologies, framed in a sustainable project,” say the architects.

Homebuilding Soars to Highest Level in 4 Years

Awesome_Supervision.pngHousing starts surged in February as well as future permits for future construction to the highest levels since 2008 — a sign that the new-home market is picking up steam just in time for the spring buying season, the Commerce Department reported Tuesday.

Overall housing starts rose 0.8 percent in February to a 917,000 annual rate. Single-family housing starts, which make up the biggest bulk of that total, reached their highest level since June 2008. Meanwhile, multifamily starts rose 1.4 percent in February to 299,000 units.

“Demand for new homes and apartments is definitely rising as the spring buying season approaches and more young people move out on their own,” said Rick Judson, chairman of the National Association of Home Builders. “Builders are responding to this improved demand by putting more crews back to work and pulling more permits for future construction, though this positive activity is being constrained  by continuing issues with appraisals and credit availability for both builders and buyers, and also by newly arising challenges such as lot shortages and increased costs for labor and materials.”

While housing starts have shown a big improvement in the past year, economists say that homebuilding is still less than half of what it was during its prerecession peak and is near levels in the early 1990s.

Source: National Association of Home Builders and “Housing Starts at Highest Level Since 2008,” Reuters

1.7 Million Home Owners Regain Equity in 2012

HousingStatsImage-wide.jpgRising home prices have helped more home owners make their way above water again, with 1.7 million residential properties regaining equity in 2012, according to the latest figures from CoreLogic. The number of mortgaged home owners with equity now stands at 38.1 million. 

More home owners are expected to soon join them: About 1.8 million homes will regain equity if home prices rise by another 5 percent—which most economists have forecast for this year.

“In the fourth quarter we again saw an improvement in the equity position of households,” says Mark Fleming, chief economist for CoreLogic. “Housing market improvements, particularly in the hardest hit states, are the catalyst for households to regain equity and become participants in 2013’s housing market.”

While the numbers are improving, many home owners are still underwater: About 21.5 percent—or 10.4 million—of all residential properties with a mortgage still retained negative equity at the end of the fourth quarter of 2012. That number is down 22 percent, year-over-year.

Nevada has the highest percentage of homes with negative equity (at 52.4%), followed by Florida (40.2%), Arizona (34.9%), Georgia (33.8%), and Michigan (31.9%). These five states alone account for 32.7 percent of the total amount of negative home equity in the U.S., according to CoreLogic.

Some additional findings from CoreLogic’s latest report:

  • The majority of homes that have equity tend to be on the higher end of the real estate market. Eighty-six percent of homes valued at more than $200,000 have equity, compared to 72 percent of home less than $200,000.
  • About 3.9 million home owners with negative equity have both first and second liens. Their average mortgage balance is $296,000 and their average underwater amount is $80,000.

Source: CoreLogic

Stacked Hillside House Balances Beach Views with Privacy

The ability to take in views of a beautiful beach in Australia is balanced with a family’s desire for privacy in the white concrete Hewlett House by MPRDG architects. A striking contrast to the more conventional homes that surround it, this modern concrete residence consists of stacked geometric stories connected by a shell-shaped staircase.

The rectangular home gets a sense of movement and enhanced visual interest from the dramatic staircase as well as a privacy screen on the upper story that is inspired by the shapes of the eucalyptus tree branches around it.

The lowest floor is built partially into the hillside, with a rock wall that gives it a cave-like atmosphere. This floor houses a recreation room leading out to the swimming pool and garden. The bedrooms are tucked away in the middle floor, while the upper story is reserved for common spaces to take full advantage of the views.

While the plentiful glass and open-air terraces focus the view beyond neighboring houses to the nearby Bronte beach, the rooms inside are arranged for maximum privacy.

Money Magazine: The Real Estate Market is Back

Last week, I posted a Market Update that showed that the real estate market was coming back. Some may feel that the information was from a survey of industry players that may have a natural bias. For the doubters, here is the cover of the latest edition of Money Magazine released this past weekend.

Money-Magazine

The magazine supported their case by explaining:

  • In the last year, home prices increased in 92 of the country’s 100 largest metropolitan areas
  • Homes are more affordable than they’ve been in 40 years
  • The number of houses for sale is at the lowest level in a decade
  • Price increases are projected for most of the country this year

It seems that even the unbiased realize that Housing is Back!

The Path to the NHL

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Survey: Americans Dream Big About Home Ownership

home ownershipEighty-seven percent of Americans recently surveyed say that owning a home is something they dream about, according to a survey by JPMorgan Chase. 

“Owning a home is at the heart of most Americans’ dreams,” says Kevin Watters, CEO of mortgage banking at JPMorgan Chase. “And people are saving as much as possible to achieve home ownership.”

Sixty-six percent of Americans surveyed say that they believe home ownership is a good financial investment. Seventy-five percent say it’s a crucial part of raising a family.

First-time home buyers are getting more optimistic about being able to achieve home ownership too. The number of potential first-time home buyers who say they are optimistic about being able to put money down on a home over the next six months doubled in the last six months, compared to previous survey results.

“First-time home buyers are crucial to the housing market and the overall economy—and to their communities,” says Watters. “As families buy their first home, they are investing in their communities and enable other families to move up. That will eventually spur more new construction, generating additional jobs.”

Source: “Survey shows homeownership is still the American Dream,” HousingWire

Moving? There’s An Easier Way

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Moving is a pain for everyone, but Moveline can make it a little easier. The service already reaches out to movers on your behalf, gathers estimates, and then presents them to you for comparison, but now Moveline assigns you a personal “Move Captain” that streamlines the process from beginning to end.

The service has expanded to over a dozen major metro areas in the US, has more moving companies under their belt, and makes the moving process even easier. When you sign up, the service gives you a dedicated analyst to help streamline your move. Just tell the service where you are, where you’re going, and provide some information about your move to get started. If you want, you can take a short video tour of your apartment or Facetime your analyst to provide them with more information about your move. This way movers don’t have to visit to provide an estimate.

Moveline will then reach out to movers in your area that are all licensed, insured, and approved by the company, get competitive estimates for you to review, and then share them with you—along with ratings and reviews of each company from other users who have moved with them in the past. From there you can pick the one you want to handle your move.

Moveline’s analysts even offer helpful tips to make the moving process itself easier, like estimating the number of boxes you’ll need to buy, whether you should get a storage container. They’ll help you add services you didn’t know you needed, or just offer ways you can beat back the stress that comes with moving across town or across the country.

Moveline | via Mashable