Home Building
Do you recall the saga of Dr. Richard J. Malouf, who apparently built quite a fortune and then some through Medicaid orthodontics? For one, he is getting closer to completing the 30,000-square-foot earth-friendly compound he is constructing over on Strait Lane. Compound, hell, it’s an ENVIRONMENT with the following equation: 10711 Strait + 10674 Strait = one big mama…
Read MoreThe latest must-have room in your large or even not so large home is the “Keeping Room”. The name for these rooms originated in colonial times, before homes were 5,000 plus square feet. They were a multi-use room attached to the kitchen or open to it, complete with a fireplace for coziness and warmth. Now, it’s…
Read MoreA quarterly report from Metrostudy says Dallas-Fort Worth new home construction was up 7 percent, and closings on new homes up 9 percent, in the third quarter July, August, September, compared with the second quarter. And housing starts were up 6 percent from the same period last year. Analysts now says the market is coming down…
Read MoreThis week the Commerce Department reported that sales and prices of newly constructed single-family homes fell in August despite historically low mortgage rates. Reason: stagnant job market, lots of inventory, and fewer home builders out there churning dirt. We are at about 1970s home building activity, when interest rates were even higher! Last month new home sales slipped 2.3 percent.…
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