Real Estate

  • Trumark Homes expands presence in Washington

    Trumark Homes expands presence in Washington

    Trumark Homes announced its first land acquisition in Poulsbo, Washington, for Sandstone Ridge, a new 87-home community.

    This comes after the company acquired Washington-based homebuilder JK Monarch in March.

    Trumark Homes also announced its plans to transition ten active communities from JK Monarch’s name under the Trumark Homes brand.  This Washington Division joined the existing teams in Northern, Central and Southern California and Colorado.

    “The vision since day one was for Trumark Homes to be a Top 5 homebuilder in the Pacific Northwest, and the announcement of Sandstone Ridge is an important step towards that goal,” said Corey Watson, Washington Division President at Trumark Homes. “With enhanced capital and operational resources behind us, we can scale up quickly and pursue growth opportunities. We are well-positioned for an active Q4 2026 and beyond.”

    Project development of the new community is in motion, with home sales expected in spring 2027.

    Homes in the Sandstone community plan to range from 2,542 square feet to 3,087 square feet, with up to five bedrooms, three-and-a-half bathrooms and two-car garages.

    “The greater Seattle market has been a target for expansion since we entered the market in Q1, and with the experience of this team and the investment of financial and operational resources, we are beginning to execute on our strategic land plan,” said Steve Kalmbach, Chief Operating Officer at Trumark Homes. “We are actively engaged in conversations with landowners across the region and see a clear runway for sustained growth.”

    Photos courtesy of Trumark Homes

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  • Select markets see stronger housing growth

    Select markets see stronger housing growth

    According to the September 2026 U.S. Home Price Insights report from Cotality, national home price growth remained modest, rising 1.4% year over year. Mortgage rates continue to impact the housing market, as July experienced a cooldown.

    However, as Cotality’s Chief Economist Dr. Selma Hepp points out, beneath the headline numbers, momentum is shifting meaningfully. Select markets experiencing sharper price slowdowns have seen stronger growth in active inventory.

    “As we move through the remainder of the year, local labor market dynamics and affordability constraints will continue to shape housing market performance as much as broader macroeconomic shifts, especially the direction of mortgage rates,” said Hepp.

    Hepp said that several high-cost coastal markets, which previously posted strong yearly gains, are now showing near-term weakness. San Francisco was up 7.0% year over year, but prices fell 1.4% month over month.

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  • AI & The Trades

    AI & The Trades

    Why skilled labor still matters 

    Now more than ever, it is essential for school counselors, educators and administrators to actively champion the skilled trades as a valued, rewarding and viable career option for the next generation. By introducing students to the wealth of opportunities in these fields, we can close the skilled labor gap, strengthen our economy and empower young Americans to build long-lasting, fulfilling careers.

    With the rapid onset of the artificial intelligence (AI) age and the anxieties it has instilled about the future of work, our nation is facing a crossroads in how we prepare the next generation for the opportunities and challenges ahead. Every spring, millions of young Americans are handed the same piece of advice: go to college, get a degree, follow the “right” path. For decades, that guidance seemed like a safe bet. But in 2026, it’s worth questioning whether that narrow definition of success still fits. 

    The numbers paint a worrisome picture. Since 2010, the cost of college tuition has increased nearly 37%, even after adjusting for inflation. Student loan debt in the United States is at a staggering $1.8 trillion. Increasingly, a college diploma is no longer a reliable ticket to employment in the field you studied. Many graduates are left with six-figure debts, only to discover that their desired jobs aren’t as plentiful or accessible as they believed. The unemployment rate for recent college graduates continues to hover above 5% and many more are underemployed.

    Meanwhile, a parallel crisis is unfolding in the trades: there are not enough skilled workers to meet demand. Electricians, plumbers, installers, cabinetmakers and carpenters are urgently needed.

    According to NKBA industry data, more than half of surveyed kitchen and bath firms expect labor shortages to hold them back from taking on new projects in the coming year.

    The work is there. The workers are not. 

    The urgency grows as AI transforms how products are designed, manufactured and delivered and the kitchen and bath industry is no exception. Tomorrow’s cabinets may be engineered by algorithms and cut by robotics, but no algorithm has ever installed a cabinet, navigated a complicated plumbing setup or handled a homeowner’s last-minute design changes. AI doesn’t replace the trades; it elevates them. As technological advancements look to automate routine tasks, the value of hands-on skill, craftsmanship and creative problem-solving rises.

    These are the kind of roles that will always require a human touch, no matter how sophisticated tools become. 

    For too long, we’ve sold generations a lie: that a four-year degree is the measure of ambition and achievement and the trades are merely a backup plan. Not only does that framing shortchange the trades, it shortchanges young people who might find their calling there. It also weakens our workforce and economy at a critical time when both need to be strong. 

    To meet this moment, we must expand public-private partnerships that create apprenticeship opportunities for high school and college students nationwide, providing both academic credit and hands-on professional training. Research indicates that, at the college level, students in apprenticeship programs out-earn their peers who learn skilled trades in a strictly academic setting. 

    School counselors have to be equipped with up-to-date information about skilled trades and clear pathways into these fields. More slots need to be opened up in existing high school vocational programs and public and union training programs to meet growing demand. And we must weave that vocational learning into core subjects like math, applied science and computer-aided design, so students interested in the trades graduate ready to succeed. 

    Apprenticeships, counselor training and an integrated curriculum are the building blocks.

    But the foundation is simple: if we want a diverse, modern workforce equipped for the challenges of tomorrow, we have to start changing the conversation today.

    By recognizing the skilled trades as essential, honorable and enduring careers, we can build a stronger and more resilient America.

    As we celebrate the 250th anniversary of our country, we would do well to remember that our nation’s strength started with those willing to build, fix and craft with their own hands. This work has always been honorable and it still is. Encouraging young people to pursue skilled trades makes good on that legacy and invests in a future where practical skills and creativity continue to matter.

    By Bill Darcy. He is the Global President & CEO of the National Kitchen and Bath Association. He can be reached at bdarcy@nkba.org

    This column is also featured in B&D September, read the print version

  • Mortgage rates reflect buyers adapting to market conditions

    Mortgage rates reflect buyers adapting to market conditions

    Freddie Mac released the results of its Primary Mortgage Market Survey on Sept. 3, 2026, revealing that the 30-year fixed-rate mortgage (FRM) averaged 6.71%. The FRM remains stable, reflecting homebuyers’ adaptation to current market conditions.

    “The 30-year fixed-rate mortgage averaged 6.71% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Purchase demand has remained relatively stable, indicating steady interest from buyers adapting to evolving market conditions.”

    The 30-year FRM is up from the week before when it averaged 6.66%. A year ago at this time, the 30-year FRM averaged 6.50%.

    The 15-year FRM averaged 6.04%, up from 5.98% the previous week. A year ago at this time, the 15-year FRM averaged 5.60%.

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