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. — CNNMoney
Brazil’s burgeoning middle class have an important place in the country’s slums. This finding is part of a survey released by the newly created Instituto Data Favela which established that, in 2013, 65% of the country’s slum-dwellers belonged to the middle class. In 2003, this proportion was 33%. [...]
“But we are not only interested in the middle class,” he argues, “We want to benefit all community residents through sustainable and comprehensive development, achieved through economic avenues.” — thisbigcity.net
That's because, as the economists Richard Koo and Masaya Sasaki show in a report, 15 years after being built the average house is worth nothing. [...] "It's not environmentally sustainable but also not financially sustainable. People work very hard to pay off a mortgage that's ultimately worth zero."
[...] It has also produced a huge number of architects, who are kept busy by buyers wanting a new house that reflects their lifestyle. — theguardian.com
Today we call those changes “inequality,” and inequality is, obviously, the point of the McMansion. The suburban ideal of the 1950s, according to “The Organization Man,” was supposed to be “classlessness,” but the opposite ideal is the brick-to-the-head message of the dominant suburban form of today. — salon.com
The size of the [3-D printing] market ... is expected to grow to $3.8 billion this year and soar to $16.2 billion globally by 2018. [...]
"This is a market with enormous growth potential now that the main barriers to up-take are being addressed," Shepherd said. "As it matures, there is clear and substantial potential across numerous sectors, such as engineering and architecture, aerospace and defense, and medical ... for 3-D printing to have a dramatic impact within five years." — The Los Angeles Times
Some pretty lackluster news from the housing market today.
Construction spending rose a measly .1% in February. Part of that was because of the wild weather we saw this winter, but economists say that only accounts for part of the lacklusterness. It seems we’re not building or buying homes like we used to. Pending home sales fell in February to their lowest level in more than 2 years. The housing market made big gains last year, but so far 2014 isn’t looking so hot. — marketplace.org
Greece's cultural gems have become the focus of renewed protest on the streets of Athens following the cash-strapped government's announcement of plans to include prime properties around the Acropolis, and other landmark buildings, in its privatisation programme.
Furious opponents marched through the city centre at the weekend to denounce the "illegal sale" of the country's heritage. — theguardian.com
Cycling advocacy group People for Bikes has selected six U.S. cities to receive funding and consultation for new protected bike lanes, as part of its Green Lane Project. The annual Project collaborates with cities over two years to expedite the installation of protected bike lanes, one of the ways...
The American Institute of Architects (AIA) reported the January ABI score was 50.4, up from a mark of 48.5 in December. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.5, down a bit from the reading of 59.2 the previous month. — calculatedriskblog.com
Call them members of the permanent intern underclass: educated members of the millennial generation who are locked out of the traditional career ladder and are having to settle for two, three and sometimes more internships after graduating college, all with no end in sight. — The New York Times
In my own office, for instance, two firms, Synthesis Design + Architecture and Freeland Buck, are carrying out their only major projects in places like China and Thailand. A former office mate, Platform for Architecture and Research (P-A-R), is pursuing most of its work in Europe and Asia. If you move up to LA’s most established design firms, they’re doing the exact same thing. Where are Frank Gehry, Thom Mayne, and Neil Denari doing most of their projects? The Middle East, China, and Europe. — archpaper.com
The American Institute of Architects (AIA) reported the December ABI score was 48.5, down from a mark of 49.8 in November. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.2, up from the reading of 57.8 the previous month. — calculatedriskblog.com
The Architecture Lobby is an organization of architectural workers advocating for the value of architecture in the general public and for architectural work within the discipline. […]
The Architecture Lobby survey that is being distributed here gathers information that provides evidence for ourselves and for the public about the nature of our work and where we do and do not place value; where we could and should demand respect. — The Architecture Lobby
The American Institute of Architects (AIA) reported the September ABI score was 54.3, up from a mark of 53.8 in August. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.6, down from the reading of 63.0 the previous month. — aia.org
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