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  • Luxury home prices outpace rest of market

    Luxury home prices outpace rest of market

    Luxury home prices are rising faster than any other market, a recent report from Redfin explains. Year over year, the median U.S. luxury home sale price rose 4.7%.

    It’s a reasonable turn in the sector considering that many high-end homebuyers do not have the same affordability concerns or mortgage rate sensitivities. Therefore, the demand for luxury homes continues to rise.

    Pending sales of luxury homes gained 5.2% year over year, while pending sales for the rest of the market grew 3.6%.

    This is seen side by side in some markets, such as Tampa, where luxury home prices rose 15.6% year over year while all other homes actually saw a decrease of 0.5%.

    The influx of luxury buyers is extremely prominent in one major metro: the Bay Area. Pending sales for luxury homes in San Francisco climbed 45.9% year over year, largely attributed to the AI sector.

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  • Residential construction spending up 1.8% year-over-year

    Residential construction spending up 1.8% year-over-year

    According to the recently released May analysis from the U.S. Census Bureau, private residential construction spending continued its steady upward trend. Compared to a year ago, spending is up 1.8% and surpassed the previous month by 0.4.

    This is the third consecutive month of gains, following the slight dip in activity in February. The current pace is a moderate sign of a stabilizing market, despite consumer economic uncertainty and rise in material costs.

    Looking forward, the effects of the 21st Century ROAD to Housing Act is expected to streamline review for builders and diminish some of the costly boundaries for builders.

    “Multifamily construction spending growth has also slowed down after the peak in June 2023, with the index largely plateauing since late 2024,” said Catherine Koh an economist at the National Association of Homebuilders. “In contrast, improvement spending has been on an upward trend since the beginning of 2025, supported in part by the aging housing stock and sustained demand for renovation.

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  • 2026 Gold Nugget Award of Merit honorees announced

    2026 Gold Nugget Award of Merit honorees announced

    For class=”m_2075754872574611157apple-converted-space”> 63 years, the Gold Nugget Awards, presented by PCBC, have celebrated the very best in architectural design, planning, development, interiors, marketing and innovation across North America. Recognized as one of the industry’s most prestigious honors, the Gold Nugget Awards showcase the projects, people and companies that are shaping the future of our built environment.

    From an extraordinary field of more than 800 entries, the 2026 competition recognized the year’s most exceptional achievements. Selected by a distinguished Blue-Ribbon panel of industry experts, this year’s Honorees represent the highest level of excellence in their respective categories.

    We proudly congratulate every Honoree on this remarkable achievement. Your vision, talent and dedication continue to inspire our industry and demonstrate what’s possible through exceptional design and innovation.

    The winners will be recognized during the 63rd Annual Gold Nugget Awards Gala, presented by PCBC, on Wednesday, July 29, 2026, at the Gaylord Pacific Resort & Convention Center in Chula Vista, Calif. 

    View the complete list of Honorees at goldnuggetawards.com

     

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