construction

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All 12 Federal Reserve districts have seen issues with a lack of housing inventory, which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. 

Demand from the buyer side has remained steady or increased, however, and new home builders have responded to inventory shortages by increasing speculative inventory production, according to the Federal Reserve Beige Book, released Wednesday. 

The Beige Book is a compilation of data and interviews with bank and branch directors, community organizations and economists from on or before May 22.

“Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states. 

The Beige Book also notes that “home prices and rents rose slightly on balance in most Districts, after little growth in the prior period.”

In return, the lack of inventory of homes for sale pushed demand for rental properties in some areas — including New York, Chicago, St. Louis, Kansas City Federal Reserve districts.

Following are excerpts of statements on housing conditions from each of the 12 Federal Reserve districts. 

***

Boston – Contacts around the District attribute the still-low sales numbers to low inventories more than to weak demand, as slightly lower mortgage rates have helped bring more buyers to the market.

House price appreciation has slowed on average but remains slightly positive, with the exception that home prices in Massachusetts (not including Boston) have experienced modest declines from a year earlier. The modest price growth in the Boston area marks a trend reversal from the preceding few months. 

Contacts anticipate that, despite healthy buyer demand, home sales are likely to experience only a modest seasonal increase moving forward, owing to extremely low inventory levels.

New York – The residential sales market has been strong across the District. A New York City-area contact reports that the sales market in and around New York City has picked up strongly in recent weeks after a brief pause in early April, which was due to uncertainty in the banking sector.

After a slow start to the year, housing markets in upstate New York have also started to pick up, with bidding wars and multiple offers becoming more common. Inventory remains exceptionally low and is restraining sales activity in much of the District. A key factor suppressing new listings is the prevalence of homeowners with historically low interest rates on their existing mortgages, reducing the incentive to sell and move.

A strong economy and relatively high mortgage rates have pushed some movers to the rental market, boosting demand.

Philadelphia –  High interest rates have continued to dissuade existing homeowners from listing their house and losing their low interest rate. Existing home sales have fallen moderately in this district, and prices have continued to rise as the market heats up again. New home builders have benefited from the unseasonably modest sales of existing homes as the resale market has slowed. 

Cleveland – Demand for residential construction and real estate has stabilized in this District, and contacts attribute this stabilization to the arrival of spring and flattening interest rates.

Homebuilders have reported an increase in speculative construction projects in this District, as many buyers want to purchase and move into homes immediately, in part to avoid further rises in interest rates.

Richmond – Residential real estate respondents indicate in the report that the spring market is off to a good start, with sales prices continuing to appreciate, but not at the same pace as last year. For-sale inventory remains constrained due to fewer people putting their homes on the market, but buyer traffic has been steady while the days on market has increased slightly in the last month. 

However, fluctuations in mortgage rates have caused buyers to pull back, with pending sales and closed sales both down in this District. Builders have been offering strong incentives to close deals. 

Atlanta – Housing demand throughout the District has remained strong despite interest rate and home price volatility. Though home sales are down compared to a year ago, sales in many markets in this District have increased on a monthly basis, as buyer sentiment has modestly improved. 

The supply of existing homes for sale has remained low as homeowners have showed increased hesitancy to list homes for sale, especially if they financed at a low interest rate. Home prices remain down from peak levels but have recently shown month-to-month improvement.

New home builders have responded to inventory shortages by increasing speculative inventory production, and some have begun to reduce buyer incentives.

Chicago – Residential construction activity has been down modestly in this District. Contacts report that high-interest rates have led some projects to be postponed or canceled and that while construction costs had fallen, the decline isn’t enough to offset higher financing costs. 

Residential real estate activity has decreased modestly as well. Prices and rents have declined, and the low inventory of homes for sale has helped to prevent larger declines.

However, there have been reports of rising retail rents in some areas because of a lack of high-quality new construction.

St. Louis – Rental rates for residential real estate have increased slightly in this District. The number of new listings in residential real estate have dropped sharply in Louisville since our previous report, while new listings in the Memphis and Little Rock regions have remained unchanged. Seasonally adjusted home sales have remained unchanged since the previous report. 

Minneapolis – Residential construction has remained subdued. Single-family permitting in April was more than 40 percent lower year over year in the Minneapolis-St. Paul region; most other large markets in the District saw even bigger declines. Discounts have started to appear for some speculative developments.

Closed (residential real estate) sales in April fell notably year over year across the District, with many larger markets seeing declines of 30 to 50 percent. Median sale prices have declined in western and central Montana and have been flat in several other markets. 

Kansas City – Housing rental rate growth has remained elevated in several western District states, but the pace of increases has declined broadly and swiftly from the growth rate experienced during the past year. 

Dallas – Housing demand broadly has held up in the Dallas District, though sales have continued to be weaker than a year ago. Contacts have noted a decent spring selling season, with prices largely stable, and builders have been able to raise prices slightly in selected areas.

Outlooks have been cautious, however, with some voicing concern about whether demand would hold up beyond the spring selling season.

San Francisco – Activity in residential real estate has slowed further in this District. Contacts across the District have reported stable demand for single-family homes, although high mortgage rates have restrained prices. Existing single-family inventory has been low, and owners appeared hesitant to forego their existing low-rate mortgages by listing their homes.

Despite reported improvement in the availability and cost of materials, construction of new homes has been flat-to-down as developers responded to higher financing costs.

Source: housingwire.com

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U.S. New-Home Sales Decline for First Time in Three Months

A contractor works on the roof of a home under construction in Tucson, Arizona.

Rebecca Noble/Bloomberg

Surging interest rates and building costs in 2022 led single-family construction to plummet by the first quarter of this year, while the multifamily sector experienced growth, the National Association of Home Builders said.

All types of markets measured in NAHB’s newly released Home Building Geography Index saw single-family building continue to decelerate in the first quarter to varying degrees, prolonging their fall since the start of 2022. The trade group’s moving average growth rate is determined based on the past five quarters of activity.

“The latest findings illustrate that labor shortages, supply shortages and higher mortgage rates continue to hamper the industry, particularly the single-family market: Single-family home building experienced negative growth rates in all submarkets,” the NAHB said. 

The pace of construction in core-county large metros decreased the most, at 25.6% compared to 16% in the fourth quarter and a positive growth rate of 7.9% a year ago. 

Large metropolitan areas in suburban counties followed with a drop of 23.7%, reflecting further slowing from 16.3% three months earlier, while a year ago activity had increased by 5.4%. Meanwhile, growth diminished by 22.7%, compared to 12.1% in the fourth quarter, within similarly sized metros of outlying counties. The submarket also experienced the largest year-over-year reversal after numbers surged by 17.4% a year ago. 

Small metropolitan communities also saw slowdowns by double-digit percentages. Single-family construction within small metros of core and outlying counties dipped 22.1% and 19.4% in the first quarter, respectively, compared to 14% and 11.7% three months earlier, and positive growth of 10.5% and 13.5% a year ago.

Single-family home building in micro and rural counties likewise dropped by 2.9% and 8.3%. In the fourth quarter, the rate of single-family construction in micro counties had grown by 6.8% but fell 1% in nonmetro communities. The latest quarterly numbers are down from positive growth of 15.4% and 18.9% last year.

Single-family construction in large metro areas also fell to a 49.7% share relative to total activity, suggesting that builders continue to see potential in smaller markets after the pandemic-fueled housing boom.

The decline seen in NAHB’s latest index comes even as data from the homebuilding industry shows some hints of a rebound emerging in 2023. Single-family housing starts, as well as permits, rose in the past few months this year, as scarce existing-home inventory led more consumers to consider purchases of new units. 

The early-year increase in numbers thus far has also led to an upswing in homebuilder sentiment, after it darkened consistently throughout 2022. NAHB’s latest gauge of industry sentiment came in higher for the fifth month in a row in May, reaching a neutral mark of 50 on its 100-point scale since July last year. 

But the single-family construction industry is likely to face ongoing economic pressures that could blunt current momentum, according to housing researchers.

“We continue to expect the economic backdrop to weaken, and many smaller homebuilders are likely facing tighter construction loan credit amid the fallout from recent banking turmoil,” said Fannie Mae Chief Economist Doug Duncan in a recent research statement.

Duncan also said a resurgence of interest rates cannot be ruled out. “If this occurs, we believe the current strain on affordability could worsen and work to suppress future demand.”

But the multifamily segment told a different story. Although growth slowed over the past 12 months, activity was still up across all submarkets in the past year, according to the homebuilding geography index. The smallest annual pace of growth showed up within large metro areas of core counties at 3.2%. But multifamily activity in the same-sized markets in suburban and outlying counties surged 8.5% and 24.5%.

Among small metropolitan communities, multifamily building grew 11.5% and 13.2% in core and outlying counties. 

Meanwhile, construction in metro and nonmetro areas of rural micro counties accelerated 20.2% and 19.1%.

But as in the single-family segment, multifamily builders are confronting economic headwinds likely to slow annual growth by 14% in 2023, according to recent data from the Mortgage Bankers Association.

Source: nationalmortgagenews.com

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The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe.

The law, which went into effect in early February, requires 177 communities served by the Massachusetts Bay Transportation Authority (MBTA) to eliminate barriers that could restrict the zoning and construction of multifamily housing units.

As of February, just seven of the 175 initial communities that were required to submit preliminary compliance plans had failed to do so by the initial deadline.

“This new law requires that an MBTA community shall have at least one zoning district of reasonable size in which multi-family housing is permitted as of right and meets other criteria set forth in the statute,” according to information posted by the state government.

Other criteria include a minimum density of at least 15 units per acre; that a development be located no more than one-half mile from a transportation hub (such as a commuter rail station, ferry terminal, subway station or ferry terminal); and that the units have no age restrictions and are suitable for families with children.

However, the debate in Newton could be more contentious than in other parts of the state, according to the Globe.

“Newton, one of the region’s wealthiest enclaves, has to zone for more new units under the state rezoning law, MBTA Communities, than almost any other community,” the article states. “Should the rezoning overcome fledgling resident opposition and pass by the end-of-year deadline, it could serve as a model for other communities and represent a major turning point in the city’s attitude toward multifamily housing.”

The median home price for a single-family home in the area is $1.6 million, according to data from Warren Group.

The debate is due in large part to the way Newton is currently zoned, which is primarily for single-family homes. Some apartments have been constructed in recent years, but the construction level has been low.

Between 2010 and 2020, roughly 1,100 new housing units were added in Newton, accounting for just over 3% of the area’s total housing stock. This has led Newton to have some of the highest housing prices in the state.

In addition to the price concerns, most multifamily construction has been concentrated in commercial areas in recent years.

The current proposal would add an estimated 10,000 new units, depending on parking requirements, which is well above the 8,330 units mandated by the new law. The new unit construction would also impact only 3% of Newton’s land and is not expected to impact existing single-family neighborhoods.

This is the latest step being taken at the state level to temper the housing supply shortages occurring nationwide. In New York, Gov. Kathy Hochul is pushing the state’s government to override local zoning laws and mandate more housing construction in the state’s suburban counties.

In Washington state, Gov. Jay Inslee recently signed a series of bills designed to spur more affordable housing construction, including through the elimination of single-family zoning. Similar measures have been introduced in states like Florida and Minnesota, but have ultimately been reversed.

Source: housingwire.com

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Are you looking to add some style to your home decor? Look no further than area rugs. We have researched and tested many beautiful area rugs, and we are excited to share our top 10 picks with you.

Area rugs have become increasingly popular in recent years, and for good reason. Not only do they add a pop of color and texture to your floors, but they also help to define a space and make it feel more cozy and inviting. With so many options out there, however, it can be overwhelming to choose the perfect rug for your home.

That’s where we come in. Our team of experts has evaluated a variety of rugs based on essential criteria such as quality, durability, and style. We’ve also taken into consideration customer reviews to ensure that our top picks are both beautiful and practical. Whether you’re looking for something modern and geometric or more traditional and floral, we’ve got you covered.

With these tips in mind, get ready to be inspired by our top 10 beautiful area rugs. Scroll down to see our ranking and find the perfect rug for your home.

Our Top Picks

Luxe Weavers Grey Area Rug.

Luxe Weavers Grey Area Rug is a perfect addition to any home decor. Made with high-quality materials, this rug is both durable and comfortable. The grey color scheme of this rug makes it a versatile choice for any room, and it is available in a 5×7 size that is perfect for smaller spaces.

This rug is perfect for use in a living room, bedroom, or entryway. It is soft to the touch, making it comfortable to walk on, sit on, or lay on. The high-quality materials used in its construction ensure that it will last for years to come, making it a great investment for any home.

The Luxe Weavers Grey Area Rug is also easy to clean, making it a great choice for families with children or pets. It is resistant to stains and spills, so it is a great choice for high-traffic areas. Overall, this rug is a great choice for anyone who wants to add comfort, style, and durability to their home decor.

Soft and plush

Stylish design

Durable construction

Non-slip backing

May shed initially

May have a chemical smell

May show footprints and stains

The LUXE WEAVERS Grey Area Rug is a budget-friendly option that adds a stylish touch to any room. Its soft pile and durable construction make it a great choice for high-traffic areas.

Modway Border Outdoor Rug

The Modway Border Outdoor Patio Dining Table is a great addition to any outdoor space. This table is made from a durable powder-coated aluminum frame and features a slatted wood tabletop. The modern design is both stylish and functional, with a spacious surface area that can accommodate up to four people.

One of the best features of this dining table is its versatility. It can be used for a variety of outdoor activities, from dining to playing games or working on projects. The table is also easy to clean and maintain, making it a great choice for busy families.

Another benefit of the Modway Border Outdoor Patio Dining Table is its durability. The aluminum frame is rust-resistant and weather-resistant, so it can withstand the elements and last for years to come. Additionally, the slatted wood tabletop is treated to resist water damage, ensuring that it stays looking great even after extended use.

Overall, the Modway Border Outdoor Patio Dining Table is an excellent choice for anyone looking for a high-quality outdoor dining table. Its modern design, versatility, and durability make it a great investment for any outdoor space. Whether you’re hosting a dinner party or just enjoying a casual meal with family and friends, this dining table is sure to impress.

Stylish design

Weather-resistant material

Easy to clean

Comfortable seating

Limited color options

May require assembly

Not ideal for large groups

The Modway border rug is a great outdoor option with a durable construction and easy-to-clean surface. It’s perfect for adding a pop of color to any patio or deck.

Modway Perplex Black Beige Area Rug.

The Modway Perplex Geometric Area Rug is a stunning piece that adds style and sophistication to any room. Made from 100% polypropylene, this rug is durable and easy to clean, making it a great choice for high-traffic areas. The black and beige geometric pattern is eye-catching and modern, making it perfect for contemporary homes.

This rug is incredibly versatile and can be used in a variety of rooms, including living rooms, bedrooms, and even dining rooms. It comes in two sizes, 5’x8′ and 8’x10′, so you can choose the size that best fits your space. The rug is also lightweight, making it easy to move and place wherever you need it.

One of the best things about the Modway Perplex Geometric Area Rug is its ability to tie a room together. The black and beige pattern is subtle enough to not overpower the room, but bold enough to make a statement. It’s perfect for adding a touch of elegance to any space.

Overall, the Modway Perplex Geometric Area Rug is a fantastic choice for anyone looking to add a stylish and modern touch to their home. Its durability, versatility, and stunning design make it a must-have for any design-savvy homeowner.

Comfortable

Affordable

Easy to assemble

Not very durable

May require additional cushioning

Limited color options

Modway Perplex Accent Chair is a stylish addition to your home decor with its unique design and comfortable seating. It’s perfect for any modern living room, bedroom, or office space.

PAGISOFE Carpets Bedroom Nursery Playroom

PAGISOFE Carpets for Bedroom Nursery Playroom is a must-have product for anyone looking for a comfortable and stylish rug. The plush texture and softness of the rug make it perfect for bedrooms, nurseries, and playrooms.

The PAGISOFE Carpets come in a variety of colors and sizes to fit any room in your home. The rug is made of high-quality, non-toxic materials that are safe for children and pets. It is also easy to clean and maintain, making it a practical choice for busy households.

One of the most common uses of the PAGISOFE Carpets is for children’s bedrooms and playrooms. The soft and cozy texture of the rug makes it perfect for children to play on, and the variety of colors available means it can match any decor. The rug also provides a safe and comfortable space for babies to crawl and play.

Overall, the PAGISOFE Carpets for Bedroom Nursery Playroom is an excellent product for anyone looking for a comfortable and stylish rug. Its non-toxic materials, easy maintenance, and variety of colors and sizes make it a practical and versatile choice for any home. Whether you’re looking for a cozy space for your children to play or a soft and stylish rug for your bedroom, the PAGISOFE Carpets are definitely worth considering.

Soft and fluffy

Stain-resistant

Non-slip bottom

Affordable price

Not very thick

May shed initially

Limited color options

The PAGISOFE Carpets are soft and comfortable with a non-slip bottom. Great for bedrooms, nurseries, and playrooms. Available in different sizes and colors.

Nourison Essentials Solid Contemporary Ivory

The Nourison Essentials Solid Contemporary Ivory Area Rug is a must-have for anyone looking to add a touch of elegance to their home décor. This rug is perfect for any room in the house, from the living room to the bedroom. Made from high-quality materials, this rug is soft to the touch and durable enough to withstand heavy foot traffic.

The ivory color of this rug gives it a timeless and sophisticated look that will complement any design style. The contemporary design features a simple yet stylish pattern that adds a touch of texture to the rug. Whether you have a modern or traditional home, this rug will fit right in.

Measuring at 5’3″ x 7’3″, this rug is the perfect size for any room. It is easy to clean and maintain, making it a great choice for busy households. The rug is also lightweight and easy to move around, making it perfect for those who like to rearrange their furniture frequently.

Overall, the Nourison Essentials Solid Contemporary Ivory Area Rug is a great investment for anyone looking to add a touch of style and sophistication to their home. It is a versatile and durable piece that will last for years to come. So, whether you’re looking to update your living room or bedroom, this rug is sure to impress.

Soft and comfortable

Minimal shedding

Easy to clean

Affordable

Limited color options

May require rug pad

This is a high-quality, contemporary ivory rug that is perfect for any room in your home. It is soft, durable, and easy to clean.

Nourison Indoor Outdoor Multicolor.

The Nourison Indoor/Outdoor Multicolor Area Rug is a stunning addition to any living space. With its vibrant colors and intricate patterns, this rug is sure to catch the eye of anyone who enters the room. Made from durable polypropylene, it is perfect for high-traffic areas and can be used both indoors and outdoors.

The rug comes in a variety of sizes to fit any room in your home, from a small entryway to a large living room. Its low pile height makes it easy to clean and maintain, and its fade-resistant materials ensure it will look great for years to come.

Not only is this rug beautiful, it is also functional. Its non-slip backing keeps it securely in place, providing a safe surface for children and pets to play on. It is also easy to roll up and store, making it a great option for seasonal use.

Overall, the Nourison Indoor/Outdoor Multicolor Area Rug is a fantastic choice for anyone looking to add some color and style to their living space. With its durability, functionality, and eye-catching design, it is sure to be a favorite for years to come.

Vibrant colors

Durable material

Easy to clean

Suitable for indoor/outdoor use

Tends to curl at edges

Colors may fade over time

Durable and vibrant indoor/outdoor rug with a variety of colors and patterns. Easy to clean and maintain.

TABAYON Tie-Dyed Anti-Skid Rug

The TABAYON Tie-Dyed Upgrade Anti-Skid Rectangular Area Rug is a stylish and functional addition to any home. Made from high-quality materials, this rug is durable and will withstand daily wear and tear. Its unique tie-dyed pattern adds a pop of color and personality to any room.

One of the most common uses of this product is as an area rug in living rooms and bedrooms. The rectangular shape is versatile and can fit into a variety of spaces. The anti-skid backing ensures that the rug stays in place, even on hardwood or tile floors. Additionally, the rug is easy to clean and maintain, making it a practical choice for high-traffic areas.

Measuring 4 feet by 5.3 feet, the TABAYON Tie-Dyed Upgrade Anti-Skid Rectangular Area Rug is the perfect size for most rooms. It is lightweight and easy to move, making rearranging furniture a breeze. The rug is made from soft and comfortable materials, adding an extra layer of comfort to your home.

Overall, the TABAYON Tie-Dyed Upgrade Anti-Skid Rectangular Area Rug is a great investment for anyone looking to add style and functionality to their home. Its durability, practicality, and unique design make it a top choice for homeowners and renters alike.

Attractive tie-dyed design

Upgrade anti-skid bottom

Soft and comfortable material

Easy to clean

Not suitable for outdoor use

May have a chemical smell

Limited color options

The TABAYON Tie-Dyed Upgrade Anti-Skid Rectangular Rug is a stylish and practical addition to any room. Its non-slip bottom and easy-to-clean design make it perfect for high-traffic areas.

Ophanie Fluffy Non-Slip Rug

The Ophanie Fluffy Non-Slip Area Rug is a fantastic addition to any home looking for a cozy and stylish touch. Made with high-quality faux fur, this rug provides a soft and comfortable feel underfoot while also being durable and easy to clean. The non-slip bottom ensures that the rug stays in place, providing added safety for you and your family.

This rug is perfect for a variety of uses, whether you want to add a touch of luxury to your bedroom or create a comfortable play area for your children in the nursery. The size options available make it easy to find the perfect fit for any room in your home. The neutral color options also make it easy to coordinate with any existing decor.

One of the standout features of this rug is its ability to hold up to daily wear and tear. Its high-quality materials and construction ensure that it will look great for years to come. Plus, its easy-to-clean surface makes it a great choice for families with pets or children.

Overall, the Ophanie Fluffy Non-Slip Area Rug is a great investment for anyone looking for a cozy and stylish addition to their home. Its durability and ease of maintenance make it a practical choice, while its soft and luxurious feel make it a comfortable and inviting addition to any room.

Soft and fluffy

Non-slip bottom

Machine washable

Versatile usage

Thin pile height

May shed initially

Color not as pictured

The Ophanie Fluffy Non-Slip Area Rug is soft, stylish, and durable. Perfect for adding comfort and texture to any room in your home.

Shaggy Rug for Bedroom and Livingroom

The Shaggy Rug is a must-have for anyone looking to add a touch of cozy luxury to their home decor. This beautifully crafted rug is made of high-quality materials that are both soft and durable. The shaggy texture adds a layer of warmth and comfort to any room, making it a perfect addition to your bedroom, living room, or nursery.

This rug is available in a variety of sizes and colors, giving you the flexibility to choose the perfect fit for your space. The neutral colors make it easy to match with any decor style, while the soft texture adds an extra layer of comfort to your living space.

The Shaggy Rug is also easy to clean, making it a practical choice for any busy household. The high-quality materials are designed to withstand wear and tear, ensuring that this rug will last for years to come.

Whether you’re looking to add a cozy touch to your bedroom, create a comfortable space for your little one, or simply add a touch of luxury to your living room, the Shaggy Rug is the perfect choice. With its soft texture, durable construction, and stylish design, it’s sure to become a favorite in your home.

Soft and shaggy texture

Versatile use in any room

Easy to clean and maintain

Comes in different colors

May shed fibers

Not very thick

May need a rug pad

This shaggy rug is soft, cozy and perfect for adding texture to any room. The non-slip bottom ensures it stays in place. Available in multiple sizes and colors.

SAFAVIEH Medallion Distressed Rug.

The Safavieh Vintage Hamadan Collection is a beautiful and durable rug that adds a touch of elegance to any room. Made from high-quality materials, this rug is perfect for those who want to add a touch of sophistication to their home decor. Whether you’re looking for a rug to place in your living room, bedroom, or dining room, the Vintage Hamadan Collection is a great choice.

One of the best things about this rug is its durability. Made from a blend of polypropylene, jute, and polyester, it is designed to withstand heavy foot traffic and last for years to come. Additionally, the rug is easy to clean, making it a great choice for those with pets or children.

Another great feature of the Safavieh Vintage Hamadan Collection is its beautiful design. The rug features a stunning medallion pattern in a distressed finish, which gives it a timeless and elegant look. The colors are rich and vibrant, and the rug is sure to make a statement in any room.

Finally, the rug is available in a variety of sizes, making it easy to find the perfect fit for your space. Whether you need a small rug for a cozy corner or a large one to cover an entire room, the Vintage Hamadan Collection has you covered.

Overall, the Safavieh Vintage Hamadan Collection is a great choice for anyone looking for a durable and stylish rug. With its high-quality materials, beautiful design, and wide range of sizes, it is sure to be a great addition to any home.

Attractive design

Soft and plush

Durable construction

Non-shedding

May require frequent cleaning

Not suitable for high traffic areas

Beautiful, well-made rug with a vintage look. Non-shedding and easy to clean.

Buyers Guide

1. Size: Before purchasing an area rug, it’s essential to measure the space where you plan to put it. Make sure to measure the length and width of the area to determine what size rug you’ll need. A rug that’s too small will look out of place, while a rug that’s too big will overwhelm the room and make it look cluttered.

2. Style: Area rugs come in different styles and patterns, so choose one that matches the decor of the room. If you have a minimalist space, stick to a rug with solid colors or simple patterns. For a more eclectic room, you can choose a rug with bold patterns and bright colors.

3. Material: The material of the rug is also important. Some materials are more durable than others, while others are more comfortable to walk on. For high-traffic areas, choose a rug made of durable materials like wool or polypropylene. If you want something soft and cozy, go for a rug made of cotton or silk.

4. Maintenance: Consider how easy or difficult it will be to clean and maintain the rug. If you have pets or kids, choose a rug that’s easy to clean and won’t show stains easily. Some materials like wool may require professional cleaning, while others like synthetic fibers can be cleaned with a vacuum or spot cleaning.

5. Budget: Area rugs come in different price ranges, so determine your budget before making a purchase. Keep in mind that a high-quality rug will last longer and be a better investment in the long run. However, if you’re on a tight budget, you can still find affordable options that will suit your needs.

FAQ

Q: What are the three criteria for choosing the right area-rugs?

A: When selecting an area-rug, there are three essential factors to consider: size, style, and material.

Q: Why is size important when choosing an area-rug?

A: The size of the rug plays a crucial role in determining how it will look in a room. A rug that is too small can make the space feel disjointed, while one that is too large can overpower the room. The rug should be big enough to anchor the furniture, but not so big that it covers up too much of the flooring.

Q: What style of area-rug should I choose?

A: The style of the rug should complement the overall aesthetic of the room. If the room has a lot of patterns and textures, a solid-colored rug can help balance it out. Conversely, if the room is relatively neutral, a patterned or textured rug can add interest.

Q: What materials are best for area-rugs?

A: The material of the rug will determine how it feels underfoot, how it wears over time, and how it needs to be cared for. Wool is a popular choice for its durability and softness, while synthetic fibers like nylon and polyester are easy to clean and maintain. Natural fibers like jute and sisal add texture and a natural look to a room.

Q: What are some common uses for area-rugs?

A: Area-rugs can serve multiple purposes, from adding warmth and comfort to a room to defining a space or adding a pop of color. They can also be used to protect flooring from wear and tear or to cover up unsightly stains or damage. Ultimately, the best area-rug for your space will depend on your specific needs and preferences.

Conclusions

In conclusion, finding the perfect area rug for your home can seem like a daunting task, but with the right research and approach, it can be a fun and exciting experience. After reviewing the top area rugs on the market, we recommend the LUXE WEAVERS Grey as our top pick for its high-quality materials, beautiful design, and affordable price point. Our second recommendation goes to the Modway Perplex Black/Beige for its unique geometric pattern and durable construction.

When selecting an area rug, it’s important to consider the size, material, and style that will best fit your space and personal taste. Whether you’re looking for a cozy shag rug for your bedroom or a durable outdoor rug for your patio, there’s a perfect option out there for you. Don’t be afraid to mix and match styles and patterns to create a unique and personalized look.

We hope this review has been helpful in your search for the perfect area rug. Remember to take into account your specific needs and preferences, and don’t be afraid to do additional research and read customer reviews before making a final decision. Thank you for reading, and we’re confident you’ll find the perfect area rug to elevate your home decor.

Source: jpost.com

Apache is functioning normally

If you visited this post two years ago, you would have seen that I made the naive decision to participate in the six week One Room Challenge – on a historic house I was gut renovating. Relying on contractors, hardwood floor installs and major electrical to be completed in a six week window was a wee bit over my head at the time. It only took seven more months to actually finish our renovations. Lesson learned. But, I did finally manage to finish our media room and wanted to make sure you saw the completed space. Scroll for the final look!

Well, it’s here. The sixth week in the One Room Challenge – alla reveal day! So I’ve got some good news and bad news. The good news is that our media room design is complete! The bad news is that it’s only done in my head. Apparently, the old adage in major home renovation is quite true: things will take twice as long and always cost twice as much! as you anticipate. Since we bought this 145 year old house nearly a year and half ago and started construction back in February(!), I thought there might be a chance for our renovation would be complete in time for the end of our challenge. Alas, we still have quite a long way to go.

But I would never leave you high and dry! I can see the final media room in my mind’s eye, so I thought I’d do my best to show you everything I’m seeing. Remember when we were trying to pick a paint color? The crowd favorite in this post was actually Benjamin Moore’s Almost Black.

apt34roomchallengewk2_paint

Well, we were able to get our future media room painted. Here’s how things were looking in 2015.

apt34thisoldvictorian

Can you tell which color we selected?? We ended up going with the Benjamin Moore Gravel Gray in flat. It’s a bit hard to tell in a photo, but it turned out to be a richly hued gray – it has a navy undertone that I absolutely love. It’s dramatic but it doesn’t feel ominous.

Here’s how the room ultimately turned out!

SHOP THE LOOK: cactus / pendant light / brass table lamps / black throw / sectional / coffee table / marble & wood bookend / pillow 1, pillow 2 / brass & marble cocktail table / wood tray

If you’ve been following along with my inspiration posts, then you’ve seen how I wanted to create a space that’s comfortable – perfect for movie nights – but also an elevated and a touch dramatic. I think this final design and product selection is going to help me do just that.

The space is a little tight, the room is only about 10 feet across, so the Room & Board sectional is the perfect solution. I’m not typically a fan of the chaise style, but with limited space it’s the perfect way to create a cozy place to snuggle up. The round brass coffee table is practically perfect in every way.

Of course the media storage is a big sticking point with the hubby, but we both agreed that the Blu Dot Console is modern and chic, but understated. I’m trying to keep the attention away from the ginormous TV as much as possible wish me luck!.

With little room for side tables or other lighting, I hung a classic  George Nelson Cigar Pendant in the far corner of the room. It’ll give the space a nice golden glow. It’s all about ambient light people. A few choice pillows and a luxe throw are really all we’re going to need to make the space feel homey. The gorgeous Arhaus Rug will pull all the blues and grays together beautifully.

You can catch up on the entire six week One Room Challenge HERE.

And of course you have to check out everyone else’s big reveals! This is the ultimate in interior inspiration. I feel lucky to have been involved in such a great group.

Apartment 34 | Arianna Belle | Because It’s Awesome | Coco+Kelley | Design Darling | Design Indulgence |Design Manifest | Christine Dovey | The English Room | Vanessa Francis | Hi Sugarplum | Honey We’re Home | Jojotastic | The Pink Clutch | The Pink Pagoda | Simplified Bee | Style Your Senses | A Thoughtful Place | Kimberly Whitman | The Zhush |

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Source: apartment34.com

Apache is functioning normally

Real estate investment management firm Pretium Partners is acquiring thousands of homes from home construction company D.R. Horton Inc. in a $1.5 billion deal, as Bloomberg first reported. 

The deal includes a combination of completed homes and homes that are not yet finished, according to the outlet, which cited people familiar with the transaction who asked not to be named. 

Neither company commented to Bloomberg about the deal. 

More than 4,000 homes are involved in the transaction, which are primarily located in high-demand markets in the Southeast and Southwest, the Wall Street Journal reported. The homes, planned as rentals, have already been leased.

The deal comes at a time when a lack of for-sale home inventory is boosting the appetite for homebuilders. 

The transaction could also signal investors’ re-entry into the housing market after institutional investors shed properties at the end of 2022 following a drop in housing prices nationwide.

Founded in 2012, the Pretium platform capitalizes on investment and lending opportunities and has more than $50 billion of assets with real estate investments across 30 markets in the U.S, according to the firm.

Source: housingwire.com

Apache is functioning normally

LAB Ventures is returning to Blueprint 2023 to host the Startup Showcase. They are looking for early-stage startups who are revolutionizing the Real Estate and Construction sectors, and give them the Blueprint stage on September 11th. 

The selected startups will receive exposure and two passes for the entire three-day event, along with other benefits from the LAB Ventures’ Studio partners.

All early-stage startups that fit the criteria (check out the link in the application button) are invited to apply. If interested, details on how to submit your company for consideration can be found below.

Apply Now

Source: geekestateblog.com