I am excited to announce that Junction House is a 2019 finalist in the 39th Annual BILD Awards. The project is up for the following 4 awards:
Best Signage (it was probably the neon that did it)
Best Suite Design (large suite)
Best Innovative Suite Design (it's a suite from our unique 2-storey House Collection)
Best Mid-Rise Building Design
This last one is a "Pinnacle" award, but I'll be honest in that I don't know what that means. It sounds impressive though.
BILD received some 850 submissions this year, so kudos to the project team: Superkül, Dialogue 38, Vanderbrand, Unique Urban Homes, DTAH, WND Associates, and others.
We spend an inordinate amount of time on our floor plans -- they are people's eventual homes. So it's nice to see a bit of that effort reflected above.
Every year since 1984, the National Association of Home Builders (in the United States) has commissioned a home with the goal of showcasing new trends and technologies in the industry. At the same time, it also serves as a kind of dream home. This is what one should aspire to achieve. The initiative is called the New American Home (TNAH).
The first home was built in Houston by Village Builders. The architect was Booth/Hansen & Associates and the home was about 1,500 square feet. It cost $80,000. Last year the home was in Montverde, Florida and was about 10,690 square feet (6,676 square feet of air-conditioned space). Not surprisingly, these homes have grown over the decades.
According to a recent New York Times opinion piece by Allison Arieff -- called, The New 'Dream Home' Should be a Condo -- the square footage of this New American Home has been steadily rising:
Urbanation released its Q3-2018 condo market results for the Greater Toronto Area earlier this month.
Here are a few highlights:
- The unsold inventory of new condos in development is currently 33% below the 10-year average of 14,806 units.
- Year-to-date sales of new condominiums decreased to 14,055 units from 25,839 units (same period last year). 2017 was a record year.
- The average price per square foot for new project launches in Q3-2018 was $1,044 psf. This is the first time the average has broken the $1,000 psf mark.
- This is a significant price increase from last year and it is being driven by low supply, stable demand, and rising development/construction costs (my opinion).
- The average unit size for project launches in Q3-2018 was 714 sf.
- The average opening quarter absorption rate remains above 55%. It has been this way since Q1-2016.
For the full press release, click here.
I am excited to announce that Junction House is a 2019 finalist in the 39th Annual BILD Awards. The project is up for the following 4 awards:
Best Signage (it was probably the neon that did it)
Best Suite Design (large suite)
Best Innovative Suite Design (it's a suite from our unique 2-storey House Collection)
Best Mid-Rise Building Design
This last one is a "Pinnacle" award, but I'll be honest in that I don't know what that means. It sounds impressive though.
BILD received some 850 submissions this year, so kudos to the project team: Superkül, Dialogue 38, Vanderbrand, Unique Urban Homes, DTAH, WND Associates, and others.
We spend an inordinate amount of time on our floor plans -- they are people's eventual homes. So it's nice to see a bit of that effort reflected above.
Every year since 1984, the National Association of Home Builders (in the United States) has commissioned a home with the goal of showcasing new trends and technologies in the industry. At the same time, it also serves as a kind of dream home. This is what one should aspire to achieve. The initiative is called the New American Home (TNAH).
The first home was built in Houston by Village Builders. The architect was Booth/Hansen & Associates and the home was about 1,500 square feet. It cost $80,000. Last year the home was in Montverde, Florida and was about 10,690 square feet (6,676 square feet of air-conditioned space). Not surprisingly, these homes have grown over the decades.
According to a recent New York Times opinion piece by Allison Arieff -- called, The New 'Dream Home' Should be a Condo -- the square footage of this New American Home has been steadily rising:
Urbanation released its Q3-2018 condo market results for the Greater Toronto Area earlier this month.
Here are a few highlights:
- The unsold inventory of new condos in development is currently 33% below the 10-year average of 14,806 units.
- Year-to-date sales of new condominiums decreased to 14,055 units from 25,839 units (same period last year). 2017 was a record year.
- The average price per square foot for new project launches in Q3-2018 was $1,044 psf. This is the first time the average has broken the $1,000 psf mark.
- This is a significant price increase from last year and it is being driven by low supply, stable demand, and rising development/construction costs (my opinion).
- The average unit size for project launches in Q3-2018 was 714 sf.
- The average opening quarter absorption rate remains above 55%. It has been this way since Q1-2016.
For the full press release, click here.
This is, of course, reflective of what has been happening in the market as a whole. According to Arieff, the average size of a new U.S. home today is about 1,000 square feet larger than it was in 1973. The average space per human has increased from 507 to about 971 square feet. As our wealth has grown we have naturally become more consumptive.
But as Arieff asks in her article:
What if the next New American Home was a condo? And what if there was a new American dream, not of auto-dependent suburbia, but walkable urbanism?
She then contrasts last year's 10,000 square foot "Tuscan style" New American Home against this 6 unit urban infill condo project in Los Angeles, where the average home is about 1,800 square feet and the building in its entirety is around 11,000 square feet.
Which one would you prefer?
Charts: New York Times
This is, of course, reflective of what has been happening in the market as a whole. According to Arieff, the average size of a new U.S. home today is about 1,000 square feet larger than it was in 1973. The average space per human has increased from 507 to about 971 square feet. As our wealth has grown we have naturally become more consumptive.
But as Arieff asks in her article:
What if the next New American Home was a condo? And what if there was a new American dream, not of auto-dependent suburbia, but walkable urbanism?
She then contrasts last year's 10,000 square foot "Tuscan style" New American Home against this 6 unit urban infill condo project in Los Angeles, where the average home is about 1,800 square feet and the building in its entirety is around 11,000 square feet.
Which one would you prefer?
Charts: New York Times
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