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.
January and February typically usher in the season’s coldest temperatures, bringing the need to use building materials that can withstand frigid temperatures with them. However, it’s often the freeze/thaw cycle––cold days followed by quick warm-ups––that can cause significant damage to a home’s siding. So, what is the best siding for cold climates to combat this?Continue Reading
With temperatures dropping, insulation and protecting new construction against the elements are top of mind. Of course, builders must consider how insulated wall sheathing can help meet code requirements and contribute to the overall performance of the building envelope. However, they must also carefully consider potential moisture problems both during and after the build and the potential impacts of freeze/thaw cycles. With the season of potential hard freezes followed by fast warm-ups upon us, let’s explore methods for choosing the best house sheathing for cold climates.
With housing demand at an all-time high, builders do not have the ability to halt home construction during the winter months. Builders can work safely year round, even building houses during winter with planning and preparation. Advanced products and installation methods allow work to be performed during wet and very cold temperatures, but builders also need to consider winter safety for construction workers.
Engineered wood siding has long been considered a trustworthy exterior product for single-family homes, but it is often overlooked for multifamily and commercial construction. LP® SmartSide® products are versatile enough for a range of builds beyond traditional single-family homes. Take a look at the homes featured in Madison Parade of Homes for siding inspiration and to see how LP SmartSide Trim & Siding might suit your building needs.