• The latest Cotality Case-Shiller Home Price Index: Home prices up 1.9%

    The latest S&P Cotality Case-Shiller Home Price Index reported that national U.S. home prices increased by 1.9% year-over-year in July 2026, up…

    by

    The latest Cotality Case-Shiller Home Price Index: Home prices up 1.9%

    The latest S&P Cotality Case-Shiller Home Price Index reported that national U.S. home prices increased by 1.9% year-over-year in July 2026, up from 1.6% in June.

    However, monthly price momentum remained subdued, with national prices edging up just 0.1% from June.

    Regionally, Midwestern and Northeastern markets remained strong, with cities such as Chicago and New York posting gains of 6.9% and 5.8%. Southern and Western cities like Seattle and Las Vegas declined.

    Homebuilders that can offer incentives such as mortgage-rate buydowns or closing-cost credits hold an advantage over traditional home sellers in the current market.

    “July’s data indicates that price growth is gaining momentum, albeit unevenly,” said Thomas Malone, principal economist at Cotality. “National appreciation reached 1.9%, outperforming June in most major metros. While prices rose just 0.1% over the month, seller concessions are opening up opportunities for buyers. This may be short-lived, however, with higher mortgage rates continuing to create a moving target for buyers, extending the uphill battle into fall.”

    Read Full Article 

  • Consumer confidence softens in September

    Consumer confidence decreased in September 2026, according to the Consumer Confidence Index. The index is a survey measuring how optimistic or pessimistic consumers…

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    Consumer confidence softens in September

    Consumer confidence decreased in September 2026, according to the Consumer Confidence Index. The index is a survey measuring how optimistic or pessimistic consumers feel about their financial situation, consisting of two components: how consumers feel about their present situation and their expected situation. This index fell from 89.4 to 81.9 in September, the lowest level since April 2014.

    The Conference Board also reported the share of respondents planning to buy a home within six months. Those planning to buy a home rose slightly to 5.4% in September. Of the 5.4%, the shares planning to buy a newly constructed home and an existing home decreased to 0.4% and 2.4%, respectively. The remaining 2.6% were planning to buy a home but were undecided between new or existing homes.

    Read Full Article

  • The Architecture of Quiet

    Designing Inner Peace for calm on a difficult hillside site The hills of Tustin do not compromise. They rise in dry, sun-baked…

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    The Architecture of Quiet

    Designing Inner Peace for calm on a difficult hillside site

    The hills of Tustin do not compromise. They rise in dry, sun-baked terraces of sage and fractured shale and building on that kind of slope means choosing early how you’ll respond to it: fight the grade with retaining walls and heavy engineering, or find a way to settle into its contours instead. We chose the latter, carving a level shelf midway up the incline so the home could sit quietly into the hillside rather than push back against it.

    At our studio, every home starts as a portrait of the people who will live there. On this site, that meant looking for the one place on the slope where a family could live above the noise of the street while still feeling connected to it. The level expanse we found there became the starting point for everything else: a secluded courtyard life, held above the city, without losing touch with it.

    We call the result Inner Peace. This year, the Pacific Coast Builders Conference recognized the project with a Grand Award in the Gold Nugget Awards, which felt like a good validation of a fairly simple idea: that a house designed with intention can genuinely support the way people feel in their own home.

    Getting to Inner Peace is part of the design. The driveway climbs slowly along the hill’s contours, passing the house before arriving at an entry courtyard tucked above street level. Only then does the entrance reveal itself, a narrow slot framed by the tall roofline of the main living volume on one side and a deliberately low service roof on the other. That compression is intentional. It’s a small threshold moment, a chance to leave the outside world behind before stepping in.

    Inside, a long circulation axis pulls the eye straight through the home toward a private courtyard beyond. That spine organizes nearly everything: as you move along it, the main living volume opens up at a cross-axis, anchored by two fireplace masses that frame both the indoor gathering spaces and the outdoor rooms beside them.

    Stepping into that living volume is where the house changes character. Its high roof appears to float, carried on a continuous band of clerestory glass that wraps the room and pulls daylight deep into the kitchen, dining and living areas — a lighter counterpoint to the more grounded circulation spine below. We designed the sequence around four things we return to on every project: space, proportion, light and material. Floor-to-ceiling glass doors slide fully into the walls, dissolving the boundary between that pavilion and the courtyard just beyond it.

    That courtyard acts as the home’s outdoor living room. A sheltered patio and fireplace sit beneath a mature olive tree that shades the space from the western sun each afternoon; the tree canopy and a deep roof overhang together give the space a sense of ceiling, which matters more than people expect in an outdoor room. It’s the kind of space our clients tend to use every day, in every season.

    Further into the plan, a second courtyard marks the transition into the private wing, where a cross-axis splits toward the primary suite on one side and the guest suites on the other. Skylights at each end pull natural light down into the circulation, a quiet way of signaling that you’ve arrived somewhere more restful.

    None of this comes together without a strong team. We worked closely with RDM Contractors throughout the build and with homeowner Evelyn Wong for the interior design.  That coordination between architect, builder and homeowner shows up in details like the thoughtful material transitions and the precise roofline alignments that make the “levitating” roof read as effortless as it does.

    For our team, recognition like the Gold Nugget Award means more than a plaque. It’s confirmation that the instincts we bring to every project: start with the site, build in moments of arrival and pause, let light do some of the work. Inner Peace is proof that a home can be both a disciplined piece of architecture and, quite literally, a place built for calm.

    By Anders Lasater, AIA. He is President and Design Director at Anders Lasater Architects. He can be reached at anders@anderslasaterarchitects.com. 

    This column is also featured in B&D September, read the print version. 

  • HUD and USDA agreement to streamline housing standards

    The U.S. Department of Agriculture (USDA) and the U.S. Department of Housing and Urban Development (HUD) signed a Memorandum of Understanding (MOU)…

    by

    HUD and USDA agreement to streamline housing standards

    The U.S. Department of Agriculture (USDA) and the U.S. Department of Housing and Urban Development (HUD) signed a Memorandum of Understanding (MOU) to streamline housing standards, including environmental review, environmental impact, environmental regulations and physical inspections. The MOU aims to advance housing development and increase supply.

    “The National Association of REALTORS (NAR) applauds HUD and USDA for streamlining environmental reviews and inspections, reducing regulatory barriers and advancing housing development,” said NAR Executive Vice President and Chief Advocacy Officer Shannon McGahn. “This action is an important step in implementing the 21st Century ROAD to Housing Act and building momentum toward reforms that reduce costs and increase housing supply. NAR helped shape the legislation and will continue working with federal agencies and regulators to advance policies that break down barriers to housing and homeownership.”

    Read Full Article

  • Why you shouldn’t miss our upcoming webinar

    In today’s shifting housing market, builders, architects and design-build firms face a shared strategic challenge: expanding project margins and revenue without overextending…

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    Why you shouldn’t miss our upcoming webinar

    In today’s shifting housing market, builders, architects and design-build firms face a shared strategic challenge: expanding project margins and revenue without overextending operational capacity. The solution increasingly lies in targeted, high-margin residential interventions—most notably specialized bathroom design and remodeling. Driven by surging demand for universal design, barrier-free living and aging-in-place functionality, bath renovations offer fast project turnarounds, reliable profitability and high-impact value.

    Yet integrating or expanding specialized bath remodeling within a design or construction practice without a standardized framework can introduce scope creep, specification friction and costly execution errors. To bridge this gap, Bestbath is hosting an industry Lunch & Learn webinar, Building Your Bathroom Remodel Business, on Oct. 8, 2026.

    Industry experts Michael Lunt of Bestbath and licensed contractor Blake Watson of Age-Proof Homes detail the practical mechanics of the trade. Participants will evaluate emerging macro trends, assess exact operational requirements and master field-proven strategies to leverage existing licenses, design teams and site crews without investing in new capital equipment.

    For architects and builders seeking to capture lucrative market demand while safeguarding core operations, this session delivers an authoritative blueprint for sustainable business growth.

    Register for the webinar now

 
 
  • U.S. home prices show signs of a steadying market

    U.S. home prices show signs of a steadying market

    According to Redfin’s Home Price Index, U.S. home prices increased 0.25% month over month in August 2026 on a seasonally adjusted basis. This shows signs of an easing market, as this is slightly down from 0.26% in July and 0.27% in June. An easing price growth could potentially bring more buyers out from the sidelines.

    The biggest increase in U.S. home prices was in St. Louis, where home prices rose 1.1% month over month on a seasonally adjusted basis, followed by Pittsburgh at 1%, San Antonio at 0.9%, San Jose, Calif., at 0.9% and Baltimore at 0.9%. St. Louis’ relatively affordable prices are attracting buyers and propping up prices, while San Francisco’s booming market is likely spilling over into San Jose.

    Prices declined year over year in five major metros, four in Texas plus Seattle; Dallas had the biggest drop, followed by Austin, Fort Worth, San Antonio and Seattle. Prices ticked down since Texas has one of the largest buyers’ markets and sellers are likely easing prices as incentives.

    Read Full Article

  • AIA/Deltek Architecture Billings Index reports modest growth in August

    AIA/Deltek Architecture Billings Index reports modest growth in August

    The American Institute of Architects (AIA) latest AIA/Deltek Architecture Billings Index posted a score of 47.2, indicating soft inquiries, contracts and project activity across the sector.

    This is a slight increase from the July reporting of 46.6. Additionally, AIA reported that employment increased for architectural services by an estimated 700 positions.

    Despite these modest gains, persistent inflation and high borrowing costs continue to weigh on the sector.

    “Architecture firms are caught between stubborn inflation and higher borrowing costs,” said AIA Chief Economist Richard Branch. “The Federal Reserve’s latest rate increase may help ease inflationary pressures over time, but in the near term it adds another headwind for projects already facing a difficult financing environment.”

    Read Full Article 

  • Single-family housing starts exceed estimate

    Single-family housing starts exceed estimate

    The U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their Monthly New Residential Construction Report for August 2026. Single-family housing starts totaled 918,000 in August, up 7.6% from the revised July figure of 853,000. Privately owned housing starts in August were at a seasonally adjusted annual rate of 1,275,000, down 2.6% from the revised July estimate.

    “New home sales continue to highlight a growing divide between the new and existing home markets,” said Cotality Chief Economist Dr. Selma Hepp. “Homebuilders have become increasingly aggressive in using price cuts, mortgage rate buydowns, and other incentives to attract buyers, effectively shifting homes from ‘for sale’ to ‘on sale.’ As a result, new construction is offering a more affordable path to homeownership for many first-time buyers and helping sustain housing market activity despite a prolonged period of elevated mortgage rates.”

    Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,394,000, 2.7% below the revised July rate.

    Privately-owned housing completions in August were at a seasonally adjusted annual rate of 1,128,000, 1.9% below the revised July estimate of 1,280,000 and 27.1% below the August 2025 rate of 1,548,000. Single-family housing completions in August were at a rate of 816,000; this is 10.4% below the revised July rate of 911,000.

    Read Full Article

  • HUD and USDA agreement to streamline housing standards

    HUD and USDA agreement to streamline housing standards

    The U.S. Department of Agriculture (USDA) and the U.S. Department of Housing and Urban Development (HUD) signed a Memorandum of Understanding (MOU) to streamline housing standards, including environmental review, environmental impact, environmental regulations and physical inspections. The MOU aims to advance housing development and increase supply.

    “The National Association of REALTORS (NAR) applauds HUD and USDA for streamlining environmental reviews and inspections, reducing regulatory barriers and advancing housing development,” said NAR Executive Vice President and Chief Advocacy Officer Shannon McGahn. “This action is an important step in implementing the 21st Century ROAD to Housing Act and building momentum toward reforms that reduce costs and increase housing supply. NAR helped shape the legislation and will continue working with federal agencies and regulators to advance policies that break down barriers to housing and homeownership.”

    Read Full Article

  • ASID announces 2026 National Award Winners

    ASID announces 2026 National Award Winners

    The American Society of Interior Designers (ASID) presented its 2026 National Awards across three categories: the Annual Awards, Legacy Awards and FOCUS Project Awards.

    Over 25 awardees were recognized for their impact on design and the built environment. 

    The ASID Carolinas Chapter received Chapter of the Year. The awards cover all sectors of interior design, including healthcare, workplace and education.

    Some residential design standouts are: 

    “Every year, the National Awards remind us of what is possible when designers use their expertise to address the needs of people and the world around them,” said Khoi Vo, chief executive officer, ASID. “The 2026 honorees are doing that in many different ways, through innovative projects, meaningful service, thoughtful leadership and a commitment to the future of our profession. Their work demonstrates why design matters and the difference it can make in people’s lives.”

    Read Full Article 

  • Berkshire Hathaway now owns 10% stake in Lennar

    Berkshire Hathaway now owns 10% stake in Lennar

    A few weeks ago, we reported that Berkshire Hathaway doubled down on its housing market investment. This week, the company further sustained its ownership in Lennar, bringing its total ownership of the homebuilder to 10%.

    According to SEC filings, the major conglomerate bought a mix of Class A and Class B shares from Sept. 17- 21.

    This happened after Warren Buffett, who grew the company, stepped down as Chairman of the Board but will remain as Chairman Emeritus.

    Berkshire Hathaway’s presence in the market continues through its ownership of  Taylor Morrison and Clayton Homes, the modern manufactured homebuilder, which it acquired in 2003.

    Despite the building industry facing major headwinds in affordability, this move aligns with the company’s history of placing trust in undervalued sectors and companies.

  • Private residential construction spending rises in August

    Private residential construction spending rises in August

    According to the latest construction spending data from the U.S. Census Bureau, private residential construction spending came in at a seasonally adjusted annual rate of $882.3 billion in August 2026. This is up 1.1% from July but down 4.8% from the previous year.

    All residential sectors saw an increase, but remodeling posted the largest monthly gain at 2.5%. Spending on single-family and multifamily construction increased by 0.2% in August, but decreased 3.5% and 0.6% from 2025, respectively.

    Read Full Article

  • Economic growth increases in 44 states in Q2

    Economic growth increases in 44 states in Q2

    According to the latest estimates from the U.S. Bureau of Economic Analysis, Real gross domestic product (GDP) increased in 44 states and the District of Columbia in the second quarter of 2026. GDP growth ranged from a 4.0% annualized increase in New York to a 2.3% decline in West Virginia, pointing to continued regional differences in economic performance. Most states recorded positive economic growth despite ongoing pressures from elevated prices and interest rates.

    For the housing market, differences in state-level economic activity have important implications for housing demand: Stronger local economies generally support household income and employment, while weaker economic conditions can weigh on housing activity.

    Read Full Article

  • The latest Cotality Case-Shiller Home Price Index: Home prices up 1.9%

    The latest Cotality Case-Shiller Home Price Index: Home prices up 1.9%

    The latest S&P Cotality Case-Shiller Home Price Index reported that national U.S. home prices increased by 1.9% year-over-year in July 2026, up from 1.6% in June.

    However, monthly price momentum remained subdued, with national prices edging up just 0.1% from June.

    Regionally, Midwestern and Northeastern markets remained strong, with cities such as Chicago and New York posting gains of 6.9% and 5.8%. Southern and Western cities like Seattle and Las Vegas declined.

    Homebuilders that can offer incentives such as mortgage-rate buydowns or closing-cost credits hold an advantage over traditional home sellers in the current market.

    “July’s data indicates that price growth is gaining momentum, albeit unevenly,” said Thomas Malone, principal economist at Cotality. “National appreciation reached 1.9%, outperforming June in most major metros. While prices rose just 0.1% over the month, seller concessions are opening up opportunities for buyers. This may be short-lived, however, with higher mortgage rates continuing to create a moving target for buyers, extending the uphill battle into fall.”

    Read Full Article 

  • The trends defining living room design

    The trends defining living room design

    Living room design is shifting away from the perfect polished look and towards a warmer, lived-in style. Jeannine Bogart, design principal and founder of Epic Interiors, said that built-in storage, warm and neutral layers, softer layouts and darker accents will take center stage in 2027’s living rooms.

    According to Bogart, living rooms are working harder than ever now, prompting the need for increased storage.

    “They hold books, media, work items, games and family clutter, so storage needs to be better integrated,” said Bogart. “Built-ins will continue to be popular because they make a room feel more intentional while hiding the things people actually live with.”

    Bogart said she is also expecting the color palettes to shift away from cold and sterile whites and grays and towards richer, warmer tones, such as taupe or soft brown. Additionally, incorporating a darker color palette will serve as a contrast that adds richness and depth to a space.

    Read Full Article

  • Unusual Angles Driving Innovative Results

    Unusual Angles Driving Innovative Results

     When the landscape offers challenges, architects deliver answers 

    “Some architecture relies on expensive materials, unusually shaped volumes or giant walls of glass,” said Michael Gale, AIA, LEED AP. “This home achieves beauty and comfortable living spaces through simple architectural expression and enjoyable experiences as you meander between those spaces.”

    Sprawling over nearly four and a half acres, the View Angle House masterfully directs site design for intuitive living. The View Angle House challenges the obvious decision to build at the top of a hill.   

    Expressionist Architecture 

    In collaboration with civil engineer Humann Company and Environmental Foresight on landscape design, initial review of the landscape indicated that the most favorable views were at a 60-degree downhill angle.

    Gale has a knack for this sort of design challenge. His background supports this ambition, having worked on internationally renowned projects such as the Guggenheim Museum in Bilbao, Spain. 

    His parti placed the main house functions in a long bar stretching across the site while angling the great room and primary suite at 60 and 30 degrees, respectively. With the bar’s retaining wall against the hillside, Gale shifted the garage further into the hill, creating an entry court. To the west of the home, a central circulation corridor with frosted glass and steel canopy separates the home gym from the main structure. 

    These decisions allowed the great room and primary suite to connect with the main structure while creating intimate sightlines of the landscape and outdoor living areas. 

    Element Execution 

    The 5,523-square-foot home takes direction from the land surrounding it, with vertical cedar siding in the portion inspired by hillside grasses. The two angled rooms are clad in stone and finished with off-center dynamic roofs to provide shade to the outdoor spaces. 

    Inside the great room, the 17-foot vaulted walnut-planked ceiling is juxtaposed by the exposed metal trusses, a balance of agrarian yet refined material choices. Gale noted that this element was both the most fun and fulfilling part to design. 

    “Although the house engages with the views outside at every moment, the steel trusses in the great room are about celebrating this particular moment of the interiors with a completely one-off structural solution,” said Gale.  

    Diamond Construction elegantly executed these elements. The great room also connects to the south infinity pool, outdoor kitchen and patio through dual multipanel sliding glass door systems; while openings to the north provide an exclusive view of the courtyard. 

    Economy of Design 

    These two key rooms provide a unique atmosphere of the home, but the rest of the project’s design is not overlooked. The home offers two kitchens, one indoor with an oversized island built for entertaining and an outdoor one for cooking poolside. Additionally, it is fitted with a climate-controlled wine room, dedicated office space and two additional bedrooms. 

    Gale’s reflection on the project is grounded in its economy of design, the art of maximizing spatial elements and functionality while delivering on value. For the View Angle House, it taught a larger lesson: that the simplest option is often not the most obvious. Expression is 

    The project’s ethos gained recognition at the 2026 Gold Nugget Awards, claiming the Grand Award for Best One-of-a-Kind Home. 

    “It is truly wonderful that the PCBC Golden Nugget Awards program recognizes the extraordinary efforts that go into the highest quality developer-driven homes,” said Gale. “When I work hard and the consultants and the builder all work hard and collaborate productively to make an amazing home, I’m so incredibly grateful that PCBC can see that and acknowledges that with an award.”

    By Sofia Feeney. She is the Editor at Builder and Developer and can be reached at sofia@builder.media. 

    This story is also featured in B&D September, read the print version. 

  • The new trends defining fall’s luxury interiors

    The new trends defining fall’s luxury interiors

    Restrained color palettes have defined luxury interiors for years. This fall, however, interior design is shifting towards warmer and darker tones.

    Pale white oak and bleached finishes are being replaced by walnut, espresso oak and other rich brown woods. It is no secret why; dark wood introduces depth into a space, especially against ivory upholstery, travertine, alabaster or warm white walls. Rather than feel heavy, it feels intentional.

    The traditional fall decor is easily recognizable with oranges, rusts and browns. However, this year is becoming more nuanced, moving toward richer, earthy tones. Cinnamon, caramel, tobacco and ochre bring warmth into a home. Oxblood, merlot and burgundy introduce a deeper, more dramatic note and could serve as a rich contrast. Mineral greens, earthy clays and muted purples round out the palette, creating interiors that feel distinctly autumnal without relying on the traditional autumn palette.

    One of the biggest design shifts in luxury interiors is in materials. Velvet, silk, mohair, fine wool, carved wood, natural stone, antiqued metal and textured plaster are all gaining momentum as interiors embrace a more tactile approach to luxury.

    Reflective surfaces are also being used strategically to introduce light, movement and dimension into these emerging deeper interiors.

    Read Full Article

 

 
 
 

 
  • Single-family housing starts exceed estimate

    Single-family housing starts exceed estimate

    The U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their Monthly New Residential Construction Report for August 2026. Single-family housing starts totaled 918,000 in August, up 7.6% from the revised July figure of 853,000. Privately owned housing starts in August were at a seasonally adjusted annual rate of 1,275,000, down 2.6% from the revised July estimate.

    “New home sales continue to highlight a growing divide between the new and existing home markets,” said Cotality Chief Economist Dr. Selma Hepp. “Homebuilders have become increasingly aggressive in using price cuts, mortgage rate buydowns, and other incentives to attract buyers, effectively shifting homes from ‘for sale’ to ‘on sale.’ As a result, new construction is offering a more affordable path to homeownership for many first-time buyers and helping sustain housing market activity despite a prolonged period of elevated mortgage rates.”

    Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,394,000, 2.7% below the revised July rate.

    Privately-owned housing completions in August were at a seasonally adjusted annual rate of 1,128,000, 1.9% below the revised July estimate of 1,280,000 and 27.1% below the August 2025 rate of 1,548,000. Single-family housing completions in August were at a rate of 816,000; this is 10.4% below the revised July rate of 911,000.

    Read Full Article

  • Unusual Angles Driving Innovative Results

    Unusual Angles Driving Innovative Results

     When the landscape offers challenges, architects deliver answers 

    “Some architecture relies on expensive materials, unusually shaped volumes or giant walls of glass,” said Michael Gale, AIA, LEED AP. “This home achieves beauty and comfortable living spaces through simple architectural expression and enjoyable experiences as you meander between those spaces.”

    Sprawling over nearly four and a half acres, the View Angle House masterfully directs site design for intuitive living. The View Angle House challenges the obvious decision to build at the top of a hill.   

    Expressionist Architecture 

    In collaboration with civil engineer Humann Company and Environmental Foresight on landscape design, initial review of the landscape indicated that the most favorable views were at a 60-degree downhill angle.

    Gale has a knack for this sort of design challenge. His background supports this ambition, having worked on internationally renowned projects such as the Guggenheim Museum in Bilbao, Spain. 

    His parti placed the main house functions in a long bar stretching across the site while angling the great room and primary suite at 60 and 30 degrees, respectively. With the bar’s retaining wall against the hillside, Gale shifted the garage further into the hill, creating an entry court. To the west of the home, a central circulation corridor with frosted glass and steel canopy separates the home gym from the main structure. 

    These decisions allowed the great room and primary suite to connect with the main structure while creating intimate sightlines of the landscape and outdoor living areas. 

    Element Execution 

    The 5,523-square-foot home takes direction from the land surrounding it, with vertical cedar siding in the portion inspired by hillside grasses. The two angled rooms are clad in stone and finished with off-center dynamic roofs to provide shade to the outdoor spaces. 

    Inside the great room, the 17-foot vaulted walnut-planked ceiling is juxtaposed by the exposed metal trusses, a balance of agrarian yet refined material choices. Gale noted that this element was both the most fun and fulfilling part to design. 

    “Although the house engages with the views outside at every moment, the steel trusses in the great room are about celebrating this particular moment of the interiors with a completely one-off structural solution,” said Gale.  

    Diamond Construction elegantly executed these elements. The great room also connects to the south infinity pool, outdoor kitchen and patio through dual multipanel sliding glass door systems; while openings to the north provide an exclusive view of the courtyard. 

    Economy of Design 

    These two key rooms provide a unique atmosphere of the home, but the rest of the project’s design is not overlooked. The home offers two kitchens, one indoor with an oversized island built for entertaining and an outdoor one for cooking poolside. Additionally, it is fitted with a climate-controlled wine room, dedicated office space and two additional bedrooms. 

    Gale’s reflection on the project is grounded in its economy of design, the art of maximizing spatial elements and functionality while delivering on value. For the View Angle House, it taught a larger lesson: that the simplest option is often not the most obvious. Expression is 

    The project’s ethos gained recognition at the 2026 Gold Nugget Awards, claiming the Grand Award for Best One-of-a-Kind Home. 

    “It is truly wonderful that the PCBC Golden Nugget Awards program recognizes the extraordinary efforts that go into the highest quality developer-driven homes,” said Gale. “When I work hard and the consultants and the builder all work hard and collaborate productively to make an amazing home, I’m so incredibly grateful that PCBC can see that and acknowledges that with an award.”

    By Sofia Feeney. She is the Editor at Builder and Developer and can be reached at sofia@builder.media. 

    This story is also featured in B&D September, read the print version. 

  • What metro report cards reveal about homebuilding and affordability

    What metro report cards reveal about homebuilding and affordability

    While REALTOR explored the housing industry’s geographic variation at a state level earlier this year, a new analysis from the company explored the 100 largest metros in the United States. Ten metro areas received a grade in the “A” range, while each scored greater than 50 on both the affordability and homebuilding components: Des Moines-West Des Moines in Iowa, Raleigh-Cary in North Carolina, Columbia, South Carolina, Houston, Indianapolis, Austin-Round Rock-San Marcos in Texas, Jacksonville, Fla., Oklahoma City, Palm Bay-Melbourne in Florida and Columbus, Ohio.

    REALTOR’S metro report card revealed a similar pattern to the state one. The South and Midwest are home to the strongest performers, while the West and Northeast received a lower grade. Lower housing costs relative to incomes and higher levels of new construction activity are more common in the Midwest and South, where home prices are lower, job markets are robust, land is more affordable and available. Local policies around zoning and permitting are also more permissive.

    Read Full Article

 
 
 

Latest Issue

Sept 2026

  • This issue of Builder and Developer features the Award Winning Architecture and Design.

 

 
  • Bay Area estate is August’s highest home sale

    Bay Area estate is August’s highest home sale

    An estate in Hillsborough, Calif., sold for $70 million and was the highest U.S. home sale in August, followed by a $51.5 million waterfront villa in Miami Beach, Fla. California is home to six of August’s 10 priciest sales, with four in the Bay Area and two in Orange County.

    Three of the most expensive homes sold were in Florida, with each selling at $30 million or more. A beach-compound in Hawaii sold for $38.2 million, earning it fifth place in August’s top 10 most expensive home sales.

    San Francisco’s luxury housing market has been performing well throughout 2026, as AI wealth continues to drive the housing market in the Bay Area.

    Read Full Article

  • Fischer Homes taps new President

    Fischer Homes taps new President

    Fischer Homes, a privately held homebuilder operating in 11 markets, announced Jason Finch as its president.

    This decision is part of a broader leadership restructure and divides the president and chief operating officer roles into two positions. The COO, Jay Smith, will continue in his position.

    Finch first joined the company in 2013 and most recently served as region president for the South Region. He will now oversee the builder’s growth strategy.

    “Jason has consistently demonstrated the leadership, business judgment and ability to develop strong teams that this role requires,” said Tim McMahon, CEO of The Fischer Group. “He understands how to turn strategy into results while keeping people at the center of the business. His talent, experience and proven record make him the right leader to guide Fischer Homes through its next phase of growth.”

    Read Full Article 

  • Mortgage rates average 6.76%

    Mortgage rates average 6.76%

    The 30-year fixed-rate mortgage (FRM) averaged 6.76%, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). Freddie Mac released the most recent PMMS results on Sept. 10, 2026.

    The current FRM is up from the previous week’s average of 6.71%. A year ago at this time, the 30-year FRM averaged 6.35%.

    The 15-year FRM averaged 6.09%, up from the week before when it averaged 6.04%. A year ago at this time, the 15-year FRM averaged 5.50%.

    “The 30-year fixed-rate mortgage averaged 6.76% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Aspiring buyers should remember shopping around for the best mortgage rate and getting multiple quotes can potentially save them thousands.”

    Read Full Article

  • Fed raises rates for the first time in 3 years

    Fed raises rates for the first time in 3 years

    On Sept. 16, 2026, the Federal Reserve increased its benchmark interest rate target range by 25 basis points to 3.75%–4.00%.

    This bump is not a shock, as many economists predicted the Fed would increase rates to combat rising inflation. However, this is the first rate hike since July 26, 2023.

    The unanimous decision to raise rates is the first real movement in nearly a year, holding steady throughout 2026 after the last cut in December 2025.

    Federal Reserve Chairman Kevin Warsh described this decision in the post-decision press conference as a step to deliver a timelier return to the Fed’s 2% inflation goal.

    Warsh also noted that despite the geopolitical landscape of shock and uncertainty, the FOMC remains optimistic for economic returns.

    However, there is a question of whether short-term rate hikes address the core drivers of inflation.

    “While a 25 bps rate hike would reinforce the Fed’s commitment to price stability and help address credibility concerns, it is less clear that higher short-term rates can meaningfully reduce inflation driven by supply constraints and capital-intensive investment trends,” said Selma Hepp, PhD, Cotality Chief Economist and Builder and Developer contributor. “The bigger question is whether the Fed risks fighting the wrong inflation battle.”

    “With the Fed hiking rates for the first time since 2023 on a unanimous 12–0 vote, even its own economists think inflation gets worse before it gets better,” said Patrick Duffy, Principal, MetroIntelligence and Builder and Developer contributor.

    Impact on the Residential Construction Industry

    For homebuilders, the decision could reinforce constraints on both housing production and the buyer market.

    The September National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reported that builder confidence is down to 32, with mortgage application volume falling 3.2% in August.

    “Today’s rate hike will have a limited effect on mortgage rates, but it will increase the cost of financing for builder and land developer loans, which are more directly connected to short-term interest rates including the funds rate,” said Robert Dietz, PhD, NAHB Chief Economist and Senior Vice President for Economics and Housing Policy. “This will increase construction costs and add to housing affordability challenges.”

    “A rate hike is unlikely to lower gasoline prices, reduce tariff-related costs, or accelerate homebuilding, but it would further dampen housing demand and delay a broader market recovery,” added Hepp. “For the housing market, the key challenge is that mortgage rates remain highly sensitive to Fed communication, even though they are increasingly driven by long-term Treasury yields rather than the federal funds rate itself.”

    Throughout the year, volume builders have combated buyer affordability concerns with price cuts, incentives and rate buydowns.

    “For the housing market already facing slower sales, this is a “higher for longer” signal, which benefits those builders who can offer mortgage rate buydowns while still retaining positive profit margins,” Duffy suggested. “If there is a silver lining, it’s that a stronger job market supports housing demand even as borrowing costs stay elevated.”

  • Mortgage applications decline in August

    Mortgage applications decline in August

    Mortgage application activity continued to decline in August, as shown in the Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume. The MBA declined 3.2% month-over-month in August on a seasonally adjusted basis, marking the sixth consecutive monthly decline. Compared to a year ago, total mortgage applications declined 9.1%.

    Applications for adjustable-rate mortgages (ARMs) and fixed-rate mortgages (FRMs) decreased 0.6% and 3.4% month-over-month, respectively. Compared with a year earlier, ARM application volume fell 18.2%, while FRM applications declined 8.2%.

    Average loan sizes also declined across all categories last month, with the overall loan size decreasing 2.3% to $375,300.

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  • A tale of two cities and their housing markets

    A tale of two cities and their housing markets

    According to a new analysis from Redfin, San Francisco and Seattle are two of the nation’s leading technology hubs. However, the cities are currently at opposite ends of the housing market. San Francisco’s housing market continues to boom, while Seattle’s is beginning to cool.

    San Francisco’s median home-sale price jumped 6% year over year in July 2026 to $1.6 million, making it the priciest metro area in the United States. Meanwhile, Seattle’s median sale price declined 4% to $809,000, approximately half the price of San Francisco’s typical home. Seattle’s home price decline was the second-biggest among the 50 most populous U.S. metros.

    The two cities tell a very different story in their home sales. In San Francisco, home sales rose 9% from 2025, the second-biggest uptick in the country. In Seattle, home sales fell 9%, the fifth-biggest decline in the nation.

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  • Trumark Homes expands presence in Washington

    Trumark Homes expands presence in Washington

    Trumark Homes announced its first land acquisition in Poulsbo, Washington, for Sandstone Ridge, a new 87-home community.

    This comes after the company acquired Washington-based homebuilder JK Monarch in March.

    Trumark Homes also announced its plans to transition ten active communities from JK Monarch’s name under the Trumark Homes brand.  This Washington Division joined the existing teams in Northern, Central and Southern California and Colorado.

    “The vision since day one was for Trumark Homes to be a Top 5 homebuilder in the Pacific Northwest, and the announcement of Sandstone Ridge is an important step towards that goal,” said Corey Watson, Washington Division President at Trumark Homes. “With enhanced capital and operational resources behind us, we can scale up quickly and pursue growth opportunities. We are well-positioned for an active Q4 2026 and beyond.”

    Project development of the new community is in motion, with home sales expected in spring 2027.

    Homes in the Sandstone community plan to range from 2,542 square feet to 3,087 square feet, with up to five bedrooms, three-and-a-half bathrooms and two-car garages.

    “The greater Seattle market has been a target for expansion since we entered the market in Q1, and with the experience of this team and the investment of financial and operational resources, we are beginning to execute on our strategic land plan,” said Steve Kalmbach, Chief Operating Officer at Trumark Homes. “We are actively engaged in conversations with landowners across the region and see a clear runway for sustained growth.”

    Photos courtesy of Trumark Homes

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  • Select markets see stronger housing growth

    Select markets see stronger housing growth

    According to the September 2026 U.S. Home Price Insights report from Cotality, national home price growth remained modest, rising 1.4% year over year. Mortgage rates continue to impact the housing market, as July experienced a cooldown.

    However, as Cotality’s Chief Economist Dr. Selma Hepp points out, beneath the headline numbers, momentum is shifting meaningfully. Select markets experiencing sharper price slowdowns have seen stronger growth in active inventory.

    “As we move through the remainder of the year, local labor market dynamics and affordability constraints will continue to shape housing market performance as much as broader macroeconomic shifts, especially the direction of mortgage rates,” said Hepp.

    Hepp said that several high-cost coastal markets, which previously posted strong yearly gains, are now showing near-term weakness. San Francisco was up 7.0% year over year, but prices fell 1.4% month over month.

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  • Mortgage rates reflect buyers adapting to market conditions

    Mortgage rates reflect buyers adapting to market conditions

    Freddie Mac released the results of its Primary Mortgage Market Survey on Sept. 3, 2026, revealing that the 30-year fixed-rate mortgage (FRM) averaged 6.71%. The FRM remains stable, reflecting homebuyers’ adaptation to current market conditions.

    “The 30-year fixed-rate mortgage averaged 6.71% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Purchase demand has remained relatively stable, indicating steady interest from buyers adapting to evolving market conditions.”

    The 30-year FRM is up from the week before when it averaged 6.66%. A year ago at this time, the 30-year FRM averaged 6.50%.

    The 15-year FRM averaged 6.04%, up from 5.98% the previous week. A year ago at this time, the 15-year FRM averaged 5.60%.

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