A passive house can provide higher indoor air quality and lower maintenance expenses at a time when energy efficiency is a major consideration for home buyers.
The year-to-date increase in prices has erased the 5.0% price declines from June 2022 through January 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
Similar to their public peers, private home builders have shifted strategy to better capture market demand and capitalize on the limited inventory in the resale market.
The home builder increased net orders by more than 50% in the quarter, benefiting from a shortage of homes on the market and strong demographic tailwinds.
Multifamily starts declined dramatically in August as the sector was impacted by higher interest rates, inflation, and elevated construction costs.
