Zillow’s Top 10 hot housing markets
Seattle-based Zillow, the real estate web site, released its prediction of 2018’s hottest housing markets. The list is replete with some usual suspects, and at the top is San Jose, Calif.
"This list shows that just because a market is smaller or more affordable doesn't mean it isn't dynamic," said Zillow senior economistAaron Terrazas. "Growing cities in the Sun Belt, places like Raleigh, Charlotte and Nashville, offer plenty of opportunities healthcare and finance, while providing a less-expensive, but still-convenient, alternative to the larger and pricier markets in the Northeast.
Zillow's Top 10 Housing Markets for 2018:
- San Jose, Calif.
- Raleigh, N.C.
- Charlotte, N.C.
- San Francisco
- Austin, Texas
- Nashville, Tenn.
- Portland, Ore.
To identify 2018's hottest housing markets, Zillow looked for places with quickly rising home values and rental prices, low unemployment rates, steady income growth and strong job opportunities with lots of people moving to the area.
In nine out of the 10 markets on Zillow's list, home values are expected to rise at a faster pace than the nation overall, with the exception of Denver. Nationally, Zillow expects home values to appreciate 3.2% over the next year.
Continuing education in the spotlight
Orlando — For more evidence that the hardware and building supply industry is a “people business,” the National Association of Home Builders recognized eight individuals for educational leadership. The 2017 Designees and Educators of the Year have displayed professionalism and dedication.
"Ongoing education often means the difference between being good at what you do and being great at it," said NAHB Education Committee Chair Beverly Koehn. "These seasoned and accomplished professionals show their dedication to improving their own craft, and also encourage others to take the same opportunity."
• Builder Designee of the Year. Chuck Miller, GMB, CGB, CGR, CGP, CAPS, MIRM, CMP, Master CSP, CSP, owner of Chuck Miller Consulting LLC, in Boise, Idaho, is a nationally recognized design-build custom home builder and remodeler committed to sharing his knowledge and expertise with other construction industry professionals. He believes in lifelong learning, has earned nine NAHB professional designations, and is a licensed instructor for NAHB's education courses.
• Green Professional Designee of the Year. Brandon Bryant, Master CGP, president of Red Tree Builders Inc. in Asheville, N.C., envisions living in a world filled with innovative businesses and healthy, power-generating homes. His homes have been featured on the cover of Green Builder magazine, and he has received national and regional accolades such as the NAHB Best in Green Award, Innovative Home Award, Craftsmanship Award and North Carolina Star Award for Best Energy Efficient Home in the State.
• HCCP Designee of the Year. Missy Covington, HCCP, director of compliance for Raymond James Tax Credit Funds Inc. in St. Petersburg, Fla., helps property owners and developers navigate the complex net of LIHTC regulations that keep owners and managers in compliance and has presented numerous times nationally on the topic. Most recently she was in charge of the HUD Section 8 Multifamily Housing program. Before joining Raymond James, Covington worked with Boley Centers for Behavioral Health Care, a non-profit human services organization.
• Remodeler Designee of the Year. Peter Grant, CGR, CAPS, president of Grant Homes Remodel & Restoration in Tulsa, Okla., specializes in the renovation of homes in Tulsa's historic districts. Recognized for his historic preservation expertise and achievements, Grant serves as a mayoral appointee to the Tulsa Preservation Commission. He has served as Remodelers Council president for the Greater Tulsa Home Builders Association and as the current association president, he strongly promotes the value of professional education.
• Sales and Marketing Designee of the Year. Christy N. Beck, MIRM, CSP, broker for Caruso Homes in Raleigh, N.C., has an extensive background in new home sales, management, marketing and training. She is the incoming chair of the NAHB National Sales and Marketing Council and serves on the NAHB Education Committee. During the 2017 IBS, Beck received the Bill Molster Lifetime Achievement Award for her service to NAHB, NSMC and the Institute of Residential Marketing. Beck serves on the board of directors for the Home Builders Association of Raleigh-Wake County.
• Builder/Remodeler Educator of the Year. Vince Butler, CAPS, CGR, GMB, GMR, president of Butler Brothers Corporation in Clifton, Va., has extensive experience in the design, sales and production of residential construction and remodeling. He is a nationally recognized speaker on residential construction management topics and has presented at many national and regional trade shows including IBS, The Remodeling Show, Sunbelt Builders Show, Southeast Builders Conference, Atlantic Builders Conference, Pacific Coast Builders Conference and NAHB Remodelers Road Show.
• CAPS Educator of the Year. Christine Fortenberry, CAPS, CGB, CGP, CGR, of Fortenberry Construction Services LLC, in Powder Springs, Ga., has more than 46 years of experience building custom homes, remodeling, developing and light commercial projects. As founder and CEO of Fortenberry Construction Inc., her skills, experience and reputation for quality have earned her local, regional and national recognition. Her company provides evaluation, design and construction services for special needs and aging-in-place projects including Americans with Disabilities Act evaluations and reports for light commercial projects.
• Green Educator of the Year. J. Bradley Simons, CGP, Master CGP, CGB, vice president and chief financial officer of Magleby Construction in Pleasant Grove, Utah, has led successful efforts to educate builders, remodelers and other industry professionals on high-performance and sustainable construction. He has served as president of the Utah Valley Home Builders Association. Simons is now a district chair in the Great Salt Lake Council of the Boy Scouts of America. He enjoys teaching, volunteering in the community and loves the construction industry.
"Exemplary designee holders like these demonstrate their commitment to the tried and true–and also new and proven — methods of home building and remodeling," said Koehn. "And we honor our dedicated educators and trainers who ensure the skills of great home building, remodeling, business management and marketing belong to many in the industry, not just a few."
Marcil stores to fly Rona banner
Lowe's Canada has announced that 17 Marcil stores located in Quebec will be converted to the Rona banner on Feb. 26.
According to Lowe’s Canada, the decision behind the move is in an effort to make Rona the top banner in the “building centre market,” which includes small to medium stores in the country know as “proximity stores.”
"We are committed to Rona and the proximity building center model as one of Lowe's Canada pillar of growth," said Serge Éthier, executive VP of Rona proximity. "Rona and Marcil operate in the same market segment, have complementary locations, and both serve a large client base of contractors and pros. It was therefore natural to combine the strengths of both banners. This decision will allow us to maximize our products and services offering to Marcil retail and professional customers, while simplifying our operations," he added.
Consumers who shopped at Marcil will see the product selection available to them double, going from approximately 20,000 items to more than 40,000 products available in store and the rona.ca site, according to Lowe’s Canada.
“We are happy to fuel Rona's growth with the addition of these 17 stores and their seasoned teams, and we are impatient to show the Marcil customers the numerous advantages of the Rona banner," concluded Éthier.
Founded in 1939, the Rona was acquired by Lowe’s last May. The store network is made up of more than 430 stores including both corporate stores and independent affiliated dealers.