ArchWeek Residential 2009.0121
ArchitectureWeek Editors
editor at architectureweek.com
Wed Jan 21 13:06:07 PST 2009
Dear Designers, Builders, and Dwellers,
ArchWeek Residential brings you housing news and analysis weekly
from the editors of ArchitectureWeek.
The New York Times reports that about 20% of US home builders
have failed in the last two years - some 20,000 companies
already - while observers predict that more than 50% are likely
to fail before the economy recovers:
After riding high on one of the greatest housing booms in
American history, the nation's home builders today face a
devastating reversal of fortune.
Although the housing crisis is nearly two years old, many
banks had refrained from cracking down on small home
builders.
They are starting to do so, and a wide swath of the industry
could be forced out of business in the next few years. The
trouble is concentrated especially in the Sun Belt, the
scene of so much overbuilding.
Not only have new-home sales stagnated, but builders
confront a rising wave of foreclosed properties coming to
market at prices below the cost of building a new home. To
move houses, they have to mark them down to less than the
cost of construction.
The convergence of these problems is bringing many small and
medium-size builders - who account for about 70 percent of
new-home construction in the United States - to their knees.
Banks Foreclose on Builders with Perfect Records - New York Times, 2009.0120
http://www.nytimes.com/2009/01/20/business/economy/20builders.html
Discuss online:
http://www.designcommunity.com/forums/viewtopic.php?t= 23343
Residential Design and Building News
------------------------------------
'08 a Record Year for Petersburg Builders - Moscow Times, 2009.0120
http://www.themoscowtimes.com/article/1009/42/373673.htm
U.K. Bank Bail Out to Kick Start Lending - Inside Housing, 2009.0119
http://www.insidehousing.co.uk/story.aspx?storycode=6502635
Taller Wood-Frame Condos Slammed - The Province, 2009.0119
http://www.theprovince.com/Homes/Taller+wood+frame+condos+slammed/1192691/story.html
Habitat's Portland Homes Go Green - Maine Today, 2009.0119
http://www.mainetoday.com/blogs/inasnap/038524.html
A Modernist Inn, Built from Scratch - New York Times, 2009.0118
http://travel.nytimes.com/2009/01/18/realestate/commercial/18sqft.html?scp=2&sq=residential+design+architect&st=nyt
Building Loophole Shuts Mans Out of His Own Home - Chapel Hill News, 2009.0118
http://www.chapelhillnews.com/news/story/37176.html
Financial Burden of Homeownership Spread Unequally - Associated Press, 2009.0118
http://www.google.com/hostednews/ap/article/ALeqM5jupF3YLPHC5WL1h2z9VachPT5cuQD95PT0DO0
Housing Starts Probably at Record Low: U.S. Economy Preview - Bloomberg, 2009.0118
http://www.bloomberg.com/apps/news?pid=20601068&sid=aOsphcrKOOp4&refer=home
Home Sellers Count on Troops - El Paso Times, 2009.0118
http://www.elpasotimes.com/business/ci_11480415
Housing Rebound? How about 2011? - Las Vegas Review Journal, 2009.0117
http://www.lvrj.com/business/37759594.html
24 Rooms Tucked into One - New York Times, 2009.0115
http://www.nytimes.com/2009/01/15/garden/15hongkong.html?_r=1
Case Study House Property Goes Up for Sale - Palisadian Post, 2009.0115
http://www.palisadespost.com/content/index.cfm?Story_ID=4575
N.Z. Home-Building Approvals Rose 4.3% in November - Bloomberg, 2009.0114
http://www.bloomberg.com/apps/news?pid=20601081&sid=a9yuQrTa97K4&refer=australia
'McMansions' on the Outer - Brisbane Times, 2009.0114
http://www.brisbanetimes.com.au/news/business/mcmansions-on-the-outer/2009/01/14/1231608746070.html
Glenn Murcutt Gold Medal - ArchitectureWeek, 2009.0114
http://www.archweek.com/2009/0114/news_1-1.html
In locations from the far reaches of the Northern
Territory to suburban New South Wales, Australian
architect Glenn Murcutt has created modernist houses
remarkable for their supreme sensitivity to climate,
surroundings, and environment.
Late 2008 Tumble in Construction Materials Sales Assures Weaker Pricing Ahead - Reed Construction Data, 2009.0113
http://www.reedconstructiondata.com/news/2009/01/late-2008-tumble-in-construction-materials-sales-assures-weaker-pricing/
Starting from Scratch - New Zealand Herald, 2009.0113
http://www.nzherald.co.nz/lifestyle/news/article.cfm?c_id=6&objectid=10551805
Australia's Falling Exports, Home Building May Prompt Rate Cut - Bloomberg, 2009.0108
http://www.bloomberg.com/apps/news?pid=20601080&sid=aQh98rBpaNz0&refer=asia
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Autodesk Restructuring Includes 10% Workforce Reduction - TenLinks, 2009.0115
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Windows 7: A Sound of Thunder - ZD Net, 2009.0115
http://blogs.zdnet.com/BTL/?p=11505
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http://www.tenlinks.com/news/PR/NVIDIA/011409_q4_revenue.htm
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