When people talk about home “affordability” it boils down to one number: the asking price. But home “attainability” is a more complex equation. Attainability refers to a prospective buyer’s ability to find an entry-level home (no easy task these days), obtain a loan and pay for 30 years of ancillary costs like utilities, maintenance and insurance.
Here’s a shocking statistic that shows why home attainability is out of reach for millions: according to government figures, the median net salary of U.S. workers is $31,561. That means that after taxes, 50% of American workers take home less than that amount.
Some cities are now homebuyer magnets because they offer a real shot at attainability. In El Paso, for example, a worker can qualify for a new home loan with an annual gross salary of just $32,185. In Oklahoma City, a gross salary of $33,507 is all that’s required. There are many other cities across America that have ample attainable housing, including Roanoke, Va., Battle Creek, Mich., and Binghamton, N.Y.
Builders in these communities are providing plenty of starter homes, not just high-end models. In El Paso, half of all new homes cost less than $158,000. That makes the long-term costs of insuring and maintaining a home much easier to bear.
The bottom line: we can’t all live in Beverly Hills. Fortunately, there are still builders who understand that society benefits greatly when housing is attainable.
Radiant barriers have become very popular with efficiency-minded builders in the recent years. This is largely due to the fact that when installed properly, a radiant barrier can reduce the impact of summer heat and yield tangible savings in cooling costs of a home—a persuasive selling point when addressing potential homeowners. But how does radiant barrier work and what exactly are its effects?Continue Reading
LP Building Solutions uses engineered wood to create a portfolio of products that help professionals build smarter, better and faster. The innovations of engineered wood siding are relatively new. For instance, LP® SmartSide® Trim & Siding was introduced in 1997. Thanks to its advanced manufacturing process, it is one of the most durable siding solutions available. Sometimes people are skeptical of things that are really that good. So, let’s crush a few myths with engineered wood facts.
Pier and beam design was among the most popular foundation techniques until the 1960s when concrete technology improved its floating slab system. Many builders use slab-on-grade construction—especially in warmer regions. We’re going to find out why professionals Jordan Smith of @jordansmithbuilds and Kyle Stumpenhorst of @rrbuildings chose pier and beam over slab-on-grade for the All-in-LP Build in Bellville, Texas. But first, let’s delve into pier and beam foundation.
From destructive hurricanes to fierce tornadoes, it seems news of catastrophic events is happening with alarming frequency. In fact, on March 3, 2020, an EF3 tornado tracked less than one mile from the LP Building Solutions headquarters in downtown Nashville, Tennessee, ripping through homes and businesses. While no traditional building can withstand the tremendous forces of disastrous weather events, it reminds us that embracing resilient construction and adopting stronger building codes could help protect our families, friends and neighbors.