Archinect - News 2016-09-27T03:01:17-04:00 http://archinect.com/news/article/149970031/american-home-sales-drop-unexpectedly-in-august American home sales drop unexpectedly in August Nicholas Korody 2016-09-22T12:57:00-04:00 >2016-09-26T23:26:33-04:00 <img src="http://cdn.archinect.net/images/514x/f7/f76a14v4l3494a7n.jpg" width="514" height="514" border="0" title="" alt="" /><em><p>U.S. home resales unexpectedly fell in August, crimped by a shortage of inventory that is boosting home prices faster than the pace of wage growth. The National Association of Realtors said on Thursday existing home sales declined 0.9 percent to an annual rate of 5.33 million units. Economists polled by Reuters had forecast sales rising 1.1 percent in August to a 5.45 million-unit pace.</p></em><br /><br /><p><em>July's sales pace was also revised lower to 5.38 million units from the previously reported 5.39 million units. However, despite sales being at their second-lowest pace of the year, home resales were still up 0.8 percent from one year ago.</em></p><p>For more on the current state of the housing market in the States, follow these links:</p><ul><li><a href="http://archinect.com/news/article/149964055/the-us-housing-market-is-the-planet-s-biggest-concentration-of-financial-risk" target="_blank">The US housing market is "the planet's biggest concentration of financial risk"</a></li><li><a href="http://archinect.com/news/article/149960645/even-the-wealthy-are-having-trouble-buying-homes-in-silicon-valley-so-lenders-are-offering-zero-down-loans" target="_blank">Even the wealthy are having trouble buying homes in Silicon Valley, so lenders are offering "zero-down loans"</a></li><li><a href="http://archinect.com/news/article/149960015/facebook-enters-the-housing-market-and-it-s-probably-not-a-good-thing" target="_blank">Facebook enters the housing market &ndash; and it's probably not a good thing</a></li><li><a href="http://archinect.com/news/article/149959956/why-it-just-isn-t-possible-to-build-affordable-housing-in-the-current-u-s-housing-market" target="_blank">Why it just isn't possible to build affordable housing in the current U.S. housing market</a></li></ul> http://archinect.com/news/article/149964055/the-us-housing-market-is-the-planet-s-biggest-concentration-of-financial-risk The US housing market is "the planet's biggest concentration of financial risk" Nicholas Korody 2016-08-18T19:58:00-04:00 >2016-08-19T15:04:48-04:00 <img src="http://cdn.archinect.net/images/514x/yg/yg1bb96r3etam4uo.jpg" width="514" height="277" border="0" title="" alt="" /><em><p>WHAT are the most dysfunctional parts of the global financial system? China&rsquo;s banking industry, you might say, with its great wall of bad debts and state-sponsored cronyism. Or the euro zone&rsquo;s taped-together single currency, which stretches across 19 different countries, each with its own debts and frail financial firms. Both are worrying. But if sheer size is your yardstick, nothing beats America&rsquo;s housing market.</p></em><br /><br /><p><em>It is the world&rsquo;s largest asset class, worth $26 trillion, more than America&rsquo;s stockmarket. The slab of mortgage debt lurking beneath it is the planet&rsquo;s biggest concentration of financial risk.&nbsp;</em></p><p>For more on the state of the US housing market, check out these links:</p><ul><li><a href="http://archinect.com/news/article/149945853/what-these-pre-rent-control-stats-might-reveal-about-sf-s-soaring-housing-costs" target="_blank">What these &ldquo;pre-rent control&rdquo; stats might reveal about SF's soaring housing costs</a></li><li><a href="http://archinect.com/news/article/148888343/single-women-emerge-as-second-strongest-group-of-homebuyers" target="_blank">Single women emerge as second-strongest group of homebuyers</a></li><li><a href="http://archinect.com/news/article/123600021/looking-to-buy-a-home-in-sf-good-luck" target="_blank">Looking to buy a home in SF? Good luck</a></li></ul> http://archinect.com/news/article/149945853/what-these-pre-rent-control-stats-might-reveal-about-sf-s-soaring-housing-costs What these “pre-rent control” stats might reveal about SF's soaring housing costs Justine Testado 2016-05-17T18:48:00-04:00 >2016-05-20T23:44:38-04:00 <img src="http://cdn.archinect.net/images/514x/v9/v9lbs0nzn7g1mw47.jpg" width="514" height="386" border="0" title="" alt="" /><em><p>OK, so this would mean the way to make San Francisco as affordable as (say) Portland would be to either cut everybody&rsquo;s salary in half, or fire half of them, or allow the city&rsquo;s population to rapidly grow about 50 percent, to about 1.2 million, while the number of housing units increased even faster.</p></em><br /><br /><p>In discussing San Francisco's rising housing costs over the years, journalist Michael Andersen re-emphasizes some points in&nbsp;<a href="https://experimental-geography.blogspot.com/2016/05/employment-construction-and-cost-of-san.html" rel="nofollow" target="_blank">this recent blogpost</a>&nbsp;by a man named Eric Fischer, who took his own approach in analyzing the city's housing prices before 1979, when SF's rent-control rates began being recorded. While Fischer's method may not be perfect, Andersen argues that the findings could shed new light on San Francisco's housing market.</p><p>More on Archinect:</p><p><a href="http://archinect.com/news/article/149945541/bay-area-media-ban-together-for-homelessness-advocacy" rel="nofollow" target="_blank">Bay Area media ban together for homelessness advocacy</a></p><p><a href="http://archinect.com/news/article/149942330/don-t-blame-the-tech-bros-sf-s-housing-crisis-is-bonkers-because-of-zoning-not-startups" rel="nofollow" target="_blank">Don't blame the tech bros: SF's housing crisis is bonkers because of zoning, not startups</a></p><p><a href="http://archinect.com/news/article/149937655/box-sweet-box-sf-man-lives-in-wooden-pod-in-friends-apartment-for-400-month" rel="nofollow" target="_blank">Box sweet box: SF man lives in wooden "pod" in friends' apartment for $400/month</a></p><p><a href="http://archinect.com/news/article/149889647/clickbait-is-making-affordable-housing-even-more-of-an-uphill-battle" rel="nofollow" target="_blank">Clickbait is making affordable housing even more of an uphill battle</a></p> http://archinect.com/news/article/149942330/don-t-blame-the-tech-bros-sf-s-housing-crisis-is-bonkers-because-of-zoning-not-startups Don't blame the tech bros: SF's housing crisis is bonkers because of zoning, not startups Amelia Taylor-Hochberg 2016-04-26T13:02:00-04:00 >2016-05-02T20:50:09-04:00 <img src="http://cdn.archinect.net/images/514x/nu/nu6lsvo31iv195ss.jpg" width="514" height="279" border="0" title="" alt="" /><em><p>strict zoning laws in the Bay Area make it almost impossible to significantly expand the housing stock there. [...] As a result, the tech boom simply means that housing gets less and less affordable for anyone who doesn't work in tech or already own a home. A lot of people are blaming the tech boom itself for the Bay Area's housing problems. But the technology boom is only a problem because the region's housing markets are functioning so poorly.</p></em><br /><br /><p>Related on Archinect:</p><ul><li><a title='Man living in plywood "pod" in SF apartment told to knock it off by housing inspector' href="http://archinect.com/news/article/149940696/man-living-in-plywood-pod-in-sf-apartment-told-to-knock-it-off-by-housing-inspector" rel="nofollow" target="_blank">Man living in plywood "pod" in SF apartment told to knock it off by housing inspector</a></li><li><a title="Silicon Valley is set to get over 10K more housing units &ndash;&nbsp;is this the beginning of the end of its housing crisis?" href="http://archinect.com/news/article/149915339/silicon-valley-is-set-to-get-over-10k-more-housing-units-is-this-the-beginning-of-the-end-of-its-housing-crisis" rel="nofollow" target="_blank">Silicon Valley is set to get over 10K more housing units &ndash;&nbsp;is this the beginning of the end of its housing crisis?</a></li><li><a title="Exceeding height restrictions to break a housing logjam in San Francisco" href="http://archinect.com/news/article/137879810/exceeding-height-restrictions-to-break-a-housing-logjam-in-san-francisco" rel="nofollow" target="_blank">Exceeding height restrictions to break a housing logjam in San Francisco</a></li><li><a title="Shipping container village crops up in Oakland, offering alternative to sky-high SF rents" href="http://archinect.com/news/article/133421471/shipping-container-village-crops-up-in-oakland-offering-alternative-to-sky-high-sf-rents" rel="nofollow" target="_blank">Shipping container village crops up in Oakland, offering alternative to sky-high SF rents</a></li><li><p><a title="Airbnb rentals cut deep into San Francisco housing stock, report says" href="http://archinect.com/news/article/128107747/airbnb-rentals-cut-deep-into-san-francisco-housing-stock-report-says" rel="nofollow" target="_blank">Airbnb rentals cut deep into San Francisco housing stock, report says</a></p></li></ul> http://archinect.com/news/article/148888343/single-women-emerge-as-second-strongest-group-of-homebuyers Single women emerge as second-strongest group of homebuyers Alexander Walter 2016-02-24T13:48:00-05:00 >2016-02-29T01:08:20-05:00 <img src="http://cdn.archinect.net/images/514x/6d/6d6q6wbbnzia03il.jpg" width="514" height="388" border="0" title="" alt="" /><em><p>It's hard to remember that just a few decades ago it was difficult, if not impossible, for a woman alone to take out a mortgage. Federal legislation changed that. And yet, it's still surprising to learn how dominant single women have become in the housing market today: Their share is second only to married couples, and twice that of single men.</p></em><br /><br /><p>Related stories in the Archinect news:</p><ul><li><a href="http://archinect.com/news/article/103274600/millennials-not-forming-enough-households" rel="nofollow" target="_blank">Millennials, not forming enough households</a></li><li><a href="http://archinect.com/news/article/118197559/a-look-at-the-growing-influence-of-immigrants-on-the-american-housing-market" rel="nofollow" target="_blank">A look at the growing influence of immigrants on the American housing market</a></li><li><a href="http://archinect.com/news/article/123600021/looking-to-buy-a-home-in-sf-good-luck" rel="nofollow" target="_blank">Looking to buy a home in SF? Good luck</a></li></ul> http://archinect.com/news/article/130714691/london-is-eating-itself London is eating itself Amelia Taylor-Hochberg 2015-06-29T13:10:00-04:00 >2015-07-06T14:01:31-04:00 <img src="http://cdn.archinect.net/images/514x/me/meyjlu0oai5ehkif.jpg" width="514" height="342" border="0" title="" alt="" /><em><p>Although the cranes swing, much of the new living zones now being created range from the ho-hum to the outright catastrophic. The skyline is being plundered for profit, but without creating towers to be proud of or making new neighbourhoods with any positive qualities whatsoever. If London is an enormous party, millions of people are on the wrong side of its velvet rope.</p></em><br /><br /><p>Rowan Moore sets a signpost in London's rampant development, checking in on the industries and businesses struggling in the midst of city-wide growth. Moore points out that while things like a bevy of cranes and a thriving multicultural food scene may look like more feathers in London's urban hat, these developments are precipitating big losses for other industries, and if unchecked, would quash the city's personality entirely.&nbsp;</p><p>More on London's recent developmental issues:</p><ul><li><a title="The Guardian reveals how developers play the planning system to get around affordable housing" href="http://archinect.com/news/article/130502087/the-guardian-reveals-how-developers-play-the-planning-system-to-get-around-affordable-housing" rel="nofollow" target="_blank">The Guardian reveals how developers play the planning system to get around affordable housing</a></li><li><a title="Robin Hood Gardens residents dare Lord Rogers to spend a night in the blighted estate" href="http://archinect.com/news/article/130268199/robin-hood-gardens-residents-dare-lord-rogers-to-spend-a-night-in-the-blighted-estate" rel="nofollow" target="_blank">Robin Hood Gardens residents dare Lord Rogers to spend a night in the blighted estate</a></li><li><a title="Considering the future of work at the 2015 London Festival of Architecture" href="http://archinect.com/news/article/130196665/considering-the-future-of-work-at-the-2015-london-festival-of-architecture" rel="nofollow" target="_blank">Considering the future of work at the 2015 London Festival of Architecture</a></li><li><p><a title="Airbnb celebrates London's Deregulation Act with floating house on River Thames" href="http://archinect.com/news/article/127540172/airbnb-celebrates-london-s-deregulation-act-with-floating-house-on-river-thames" rel="nofollow" target="_blank">Airbnb celebrates London's Deregulation Act with floating house on River Thames</a></p></li></ul><p><em>Correction: An earlier version of this article misidentified the piece's author &ndash; it is Rowan Moore, not Rowan Smith.</em></p><p>&nbsp;&nbsp;</p> http://archinect.com/news/article/123600021/looking-to-buy-a-home-in-sf-good-luck Looking to buy a home in SF? Good luck Amelia Taylor-Hochberg 2015-03-23T18:39:00-04:00 >2015-04-04T22:35:29-04:00 <img src="http://cdn.archinect.net/images/514x/37/37bf6b17e60176b5c4edb2f8ee935210.jpg" width="514" height="515" border="0" title="" alt="" /><em><p>Everyone knows the supply of new homes in the Bay Area is falling far short of job and population growth, but the number of existing homes being put up for sale is also near record lows in many areas. [...] &ldquo;The move-up market is pretty much frozen,&rdquo; said Matt Fuller, an agent with Zephyr. &ldquo;Even if you can do great on the sale of your property, you are terrified to enter the market as a buyer.&rdquo; [...] Inventory is also shrinking because post-foreclosure sales have dried up.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/118197559/a-look-at-the-growing-influence-of-immigrants-on-the-american-housing-market A look at the growing influence of immigrants on the American housing market Alexander Walter 2015-01-12T14:37:00-05:00 >2015-01-14T20:41:35-05:00 <img src="http://cdn.archinect.net/images/514x/e8/e8083c3c2f26a3db7c68d87528f8194e.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>While some remain cynical about homeownership, the U.S.'s foreign-born population still regards it as a symbol of attaining the American Dream. [...] Last year, immigrant households made up 11.2 percent of owner-occupied housing according to the JCHS&mdash;that&rsquo;s up from only 6.8 percent in 1994.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/108562688/the-real-corporate-landlords-of-atlanta The Real Corporate Landlords of Atlanta Alexander Walter 2014-09-09T14:19:00-04:00 >2014-09-18T16:33:23-04:00 <img src="http://cdn.archinect.net/images/514x/71/7126c6d39cac44e461dbb298d558b621.jpg" width="514" height="342" border="0" title="" alt="" /><em><p>&ldquo;It&rsquo;s not rare for us to go and try to make sure that no one buys the house of someone who&rsquo;s facing foreclosure,&rdquo; says Rob Call, an organizer for Occupy Our Homes Atlanta (OOHA). In Georgia, houses are publicly auctioned every first Tuesday of the month on each county courthouse&rsquo;s steps. "[...] these auctions were mostly vacant. No one was really trying to go after these homes, but then they were [suddenly] swamped with people bidding up houses with quick access to sizable cashier&rsquo;s checks.&rdquo;</p></em><br /><br /><p>Related: <a href="http://archinect.com/news/article/99476731/by-2011-atlanta-had-demolished-all-of-its-public-housing-projects-where-did-all-those-people-go" rel="nofollow" target="_blank">By 2011, Atlanta Had Demolished All of Its Public Housing Projects. Where Did All Those People Go?</a></p> http://archinect.com/news/article/103274600/millennials-not-forming-enough-households Millennials, not forming enough households Nam Henderson 2014-07-02T23:03:00-04:00 >2016-02-24T13:33:09-05:00 <img src="http://cdn.archinect.net/images/514x/y6/y68h18s23hb5tl9a.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>One reason for weakness: many young people, saddled with student loan debt, elevated unemployment and less-than-perfect credit scores, are staying out of the market.</p></em><br /><br /><p>New research from Harvard's Joint Center for Housing Studies, focuses in on the role of&nbsp;millennial&nbsp;generation in driving demand and shaping recovery.</p><p>&nbsp;As&nbsp;<a href="http://archinect.com/people/cover/2532608/gregory-walker" rel="nofollow" target="_blank">Gregory Walker</a>&nbsp;noted recently, in broad terms, looking at US economy,&nbsp;<a href="http://archinect.com/blog/article/102699382/economic-updates-we-re-not-really-there-yet" rel="nofollow" target="_blank">it is clear</a>&nbsp;<a href="http://archinect.com/blog/article/102699382/economic-updates-we-re-not-really-there-yet" rel="nofollow" target="_blank">we're not really 'there' yet</a>. Remember,&nbsp;the last reported <a href="http://archinect.com/news/article/100170119/contraction-in-architecture-billings-index-continues" rel="nofollow" target="_blank">ABI&nbsp;reverted into negative territory</a>.&nbsp;This despite the fact that "<em>A</em><em>rchitecture firms with a residential specialization continued to report extremely strong billings in May</em>".</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/jt/jt1ldnnl3zuknj64.jpg"></p><p>Back in April, <a href="http://www.nytimes.com/2014/04/27/upshot/the-housing-market-is-still-holding-back-the-economy-heres-why.html" rel="nofollow" target="_blank">Neil Irwin of the NYT, dug </a><a href="http://www.nytimes.com/2014/04/27/upshot/the-housing-market-is-still-holding-back-the-economy-heres-why.html" rel="nofollow" target="_blank">into the numbers, for what is holding housing back</a>. Though there was an initial post-recession glut,&nbsp;demand is now the issue. If only, because much of the demand that is there now, is for rental multifamily properties. This shift to non-single family homes,&nbsp;by millennials is he argues&nbsp;generating "<em>less spillover benefits for the broader economy</em>".</p> http://archinect.com/news/article/99476127/all-cash-deals-account-for-nearly-half-of-all-home-sales All-cash deals account for nearly half of all home sales Alexander Walter 2014-05-09T13:10:00-04:00 >2014-05-16T21:18:34-04:00 <img src="http://cdn.archinect.net/images/514x/69/694cf6e1474ccaef0bdc6ef18d165010.jpg" width="514" height="289" border="0" title="" alt="" /><em><p>All-cash deals hit a record 43% of home sales during the first three months of 2014, according to RealtyTrac. That's up from 19% a year earlier and the highest level reported since RealtyTrac began tracking the deals in early 2011. The jump is due to two main factors: strict lending standards that make it difficult to get a mortgage and intense buyer competition.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/98088369/this-chinese-city-s-property-market-is-even-chillier-than-its-22-degree-weather This Chinese City’s Property Market Is Even Chillier Than Its -22-Degree Weather Alexander Walter 2014-04-15T13:22:00-04:00 >2014-04-18T12:48:32-04:00 <img src="http://cdn.archinect.net/images/514x/2c/2cdffb7d701f65bb7c58015bb4222fed.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>Cities like Yingkou in China&rsquo;s northeast rust belt were among the earliest cities in the country to be overbuilt. [...] Yingkou, along with other cities, sold vast tracts of lands to developers to build apartments for the workers who &ndash; they hoped &ndash; would populate the new factories, malls and industrial parks to come. [...] But investments have been slow to materialize, and newcomers are scarce in Yingkou, a city of 2.4 million with a population that hasn&rsquo;t grown much in the past few years.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/97521120/editor-s-picks-362 Editor's Picks #362 Nam Henderson 2014-04-08T18:37:00-04:00 >2014-04-11T06:17:28-04:00 <img src="http://cdn.archinect.net/images/514x/md/md9dlkj4haf4ciqr.jpg" width="514" height="303" border="0" title="" alt="" /><p><a href="http://archinect.com/AmeliaTH" rel="nofollow" target="_blank">Amelia</a> conducted an <a href="http://archinect.com/features/article/97105527/interview-with-john-szot-of-architecture-and-the-unspeakable-film-series" rel="nofollow" target="_blank">i</a><a href="http://archinect.com/features/article/97105527/interview-with-john-szot-of-architecture-and-the-unspeakable-film-series" rel="nofollow" target="_blank">nterview with John Szot answering questions on </a><em><a href="http://archinect.com/features/article/97105527/interview-with-john-szot-of-architecture-and-the-unspeakable-film-series" rel="nofollow" target="_blank">Architecture and the Unspeakable</a>,&nbsp;</em>a triptych of short, magnificently animated films.</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/aj/ajsx7inbd2ui1ty7.jpg"><strong>News</strong></p><p>&nbsp;</p><p>&nbsp;</p><p>Professor Andrew Ross, penned an editorial <a href="http://archinect.com/news/article/96950936/high-culture-and-hard-labor" rel="nofollow" target="_blank">High Culture and Hard Labor</a>&nbsp;regarding Guggenheim Museum&rsquo;s Saadiyat Island project. Later, <a href="http://archinect.com/news/article/97010538/guggenheim-protesters-highlight-poor-labor-practices" rel="nofollow" target="_blank">Al Jazeera America</a> looked at the efforts by Global Ultra Luxury Faction, an offshoot of Gulf Labor (Professor Ross is a member) "<em>working since 2011 to bring attention to the conditions that the workers on Saadiyat Island withstand</em>".&nbsp;</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/7f/7fo2oi6xr0c23xhz.jpg"></p><p><a href="http://archinect.com/people/cover/14295810/miles-jaffe" rel="nofollow" target="_blank">Miles Jaffe</a>&nbsp;pondered "<em>Where does an architect's responsibility begin and where does it end?</em>"</p><p><a href="http://archinect.com/ayeshaghosh" rel="nofollow" target="_blank">Ayesha Ghosa</a>&nbsp;provided a recap of <a href="http://archinect.com/news/article/96962248/gsapp-lecture-addresses-architecture-s-role-in-new-democratic-systems" rel="nofollow" target="_blank">Belgian political philosopher Chantal Mouffe&rsquo;s recent tal</a>k at GSAPP's spring lecture series.</p><p>"<em>Basically to summarize, for political activism to enact change, Mouffe believes it is better to intervene and transform the existing codes rather than &lsquo;start from scratch.&rsquo;...In the systemic interventions and transformations she proposes &ndash; Mouffe seems to...</em></p> http://archinect.com/news/article/79539420/housing-values-the-dream-house-resource-center-exhibit Housing Values: The "Dream House Resource Center" exhibit Justine Testado 2013-08-15T19:37:00-04:00 >2013-08-15T19:37:46-04:00 <img src="http://cdn.archinect.net/images/514x/x7/x7b56bihvxm8icl8.jpg" width="514" height="286" border="0" title="" alt="" /><em><p>As for what she wants visitors to get out of the exhibit, Koumoundouros just hopes it will help them think about -- even question -- how much our economy is based on the housing market. 'Ownership and consumption are linked to how much our economy is consumed based," she argues. "[This view of housing] is so specifically American. And I love digging that out, and I think questioning it is part of maybe a shift.'</p></em><br /><br /><p> The phrase "a place to call home" rings loud and clear in the "Dream House Resource Center" exhibit by artist <a href="http://olgakoumoundouros.com/" rel="nofollow" target="_blank">Olga Koumoundouros</a> currently at the <a href="http://hammer.ucla.edu/exhibitions/detail/exhibition_id/237" rel="nofollow" target="_blank">Hammer Museum</a> in Los Angeles until August 18. Her exhibit focuses on the commodification of the home in America through the context of America's struggling housing industry and its widespread consequences. The idea came from Koumoundouros' own housing hardships, when her partner was laid off from his architecture job right after they purchased a house in the same week.</p> <p> <img alt="" src="http://cdn.archinect.net/images/514x/hj/hjenzy1gj0wl120f.jpg" title=""></p> <p> Visitors are welcomed in by the giant colorful McMansion doors that Koumoundouros refurbished surrounded by transparent walls. A white board on one side displays the latest headlines and stats in housing. A rainbow-colored timeline of 20th-century American housing on the walls wraps around the exhibit, each strand of the rainbow explaining the different factors leading up to the current state of the U.S. housing industry -- from the idealistic outlook of achieving The...</p>