sustainability

  • 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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  • Building in Malibu’s Coastal Bluffs

    Building in Malibu’s Coastal Bluffs

    A collaborative effort to exceed environmental and architectural standards

    Tucked away in the coastal bluffs of Malibu, Calif., sits Paradise Cove, the embodiment of strategic architecture and oceanfront luxury. Built by Scott Halley & Associates and designed by Studio Bracket, the project was designed to exist harmoniously with the environment. 

    The 9,392-square-foot, two-story custom home exercises careful detailing for California’s seasonal heatwaves and marine layer. To complement the home’s advanced architecture, the interior is an artistic blend of coastal design and modern luxury. 

    In recognition of its meticulous design, Paradise Cove was honored with the Gold Nugget Grand Award for Best Custom Home – 7,500 to 10,000 square feet. 

    “This recognition is a tremendous honor and a meaningful acknowledgment of the creativity, collaboration and dedication that went into bringing this project to life,” said Wayne Chevalier, AIA, project designer and architect with Studio Bracket. “It is an honor to have our work recognized alongside so many talented professionals in the industry.” 

    Shaping Los Angeles’ Upscale Homes 

    Scott Halley founded Scott Halley & Associates in 1984. Over a decade earlier, he started his first business, an import and export company called “Stop and Shop” in Downtown Los Angeles. He gained an interest in residential construction when he purchased eight acres of land in Malibu. It was on that same land that he built his own 3,000-square-foot home. 

    For more than 40 years, Scott Halley & Associates has focused on building upscale custom homes from the west end of Los Angeles to the northern end of Malibu. 

    Designing for Coastal Living 

    The builder and designer knew that the star of the project lot was the view. The home was carefully crafted to take in three breathtaking sceneries. The back of the home points towards the silhouette of Catalina Island and panoramic views of the Pacific Ocean. While north of the home sit the Santa Monica Mountains. The builder utilized every aspect of the surrounding environment to evoke a blend of oceanfront luxury living and a rustic, outdoor feel in the home’s design. 

    “Our emphasis has always been on strengthening the connection to the environment and our community,” said Chevalier. “This project was designed to be a ‘good neighbor’ by protecting shared public views of the coast, conservation of natural resources and promoting biodiversity.” 

    Preserving the community’s shared views of both the coast and horizon was a priority, so the builder minimized Paradise Cove’s profile. They used the mountain’s slopes to strategically place the home to provide an optimal ocean outlook without inconveniencing the surrounding homes. 

    The home’s layout functions like a guided vacation tour. A subterranean entry gazes to the open central courtyard towards the sea, leading to the main living area and primary bedroom before ending at the final destination, the backyard. 

    The patio’s minimal design feels contemporary and intentional; the backyard feels like a lush, high-class resort, from the pool overlooking California’s coastline to the large wood-panel deck with multiple lounging areas. 

    Heightened Performance 

    Halley incorporates his passion for life and nature in the company’s builds. Paradise Cove is no different, with a roof designed for rainwater detention, temperature regulation and the absorption of carbon dioxide and particulates. Deep overhangs provide solar shading, UV and moisture control. 

    The home has two solar arrays, ensuring the home’s advanced energy performance. A photovoltaic array is strategically placed in front of the pool, hidden within the overhanging bluff, while another solar array rests on top of the home’s entry roof. 

    Biophilic details fill every corner of the home, inspiring wellness and connectivity with the environment, from the parallel stone walls separating the living space to the concrete tile on the first floor. Large sliding glass doors invite natural light into the space on both the first and second floor, while wooden elements such as the staircase and ceiling panels evoke warmth. 

    Paradise Cove is a reflection of the builder’s love for nature and dedication to building evolutionary custom homes. 

    Photography by Kevin Scott. 

    By Taylor Moore. She is the Assistant Editor at Builder and Developer and can be reached at taylor@builder.media

    This story is featured in our September issue of Builder and Developer. Read the print version here