The Annual 2020 Characteristics of New Housing was released by the Census Bureau. The statistics cover size, exterior material, framing, the number of bathrooms and bedrooms, and more.
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High-value homes are not just larger homes that can be valued by multiplying the material and quantity costs of a Mainstreet home to arrive at a higher number.
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This has been a unique time for lumber, however. Call it a perfect storm, as the expression goes, between initial COVID-19 shutdowns, labor shortages, increased renovation and building demand, and tariffs.
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We loved these videos and wanted to share them with you. See three garage types being built. One video shows a 3-D printed house being built.
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The pandemic has brought about increased demand for home improvements/remodeling and a focus on outdoor areas of the home.
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There are fundamental differences in the items included in the replacement cost for a condo unit versus a home.
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While the trends for home building in 2020 are still unclear, the National Association of Home Builders Construction Cost Survey and the Census Bureau have provided data for 2019. That gives us a starting point for 2020.
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e2Value’s Structure Insurance Score is featured in the Technology Spotlight of the Willis Towers Watson Quarterly Briefing Q2 2020.
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Our population’s attraction to beaches and coastal locations continues the demand for new construction in these areas despite the enhanced risk of windstorm property damage.
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Mortgage rates recently dropped to near record low rates, spurring interest in mortgages. Homeowners have been exploring refinancing their mortgage. Home buyers continue to look at purchasing a home.
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