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Though that isn't to say the baby boomers, the most marketed-to generation on record, are suddenly being ignored. They're still influencing design too, just not like they used to. With the kids off to college, "they're not buying a five-bedroom home in the suburbs anymore," says Steve Melman, director of economic services at the National Association of Home Builders. What they do increasingly want: compact, one-story homes that are easier to get around. KB is offering twice as many single-story layouts as it was a year...
...this tax break probably isn't good policy, especially now that we seem to have left the darkest part of the housing-market woods. Here are the numbers. The IRS says 1.4 million first-time buyers have benefited from the credit so far; the National Association of Realtors thinks that figure will hit 1.8 million before the end of November. Meanwhile, a number of groups have estimated how many of those people wouldn't have bought houses had it not been for the tax break - about 350,000 or 400,000. In other words, some 80% of buyers would have...
...deduction is an artifact of the 1894 federal income-tax code, under which all interest was deductible, since pretty much all interest was a business expense. There weren't really loans to buy houses back then. In other words, a massive and costly cornerstone of American housing policy isn't even something we chose...
...Hall, managing director of 2953 Analytics in Birmingham, Mich., says, "Short term, Hummer has some serious problems but they are solvable." Hummer's future, though, is probably in overseas markets such as Brazil, China, Russia, South Africa and other emerging markets where conspicuous consumption isn't going out of style, he says...
...baby behemoth on Sept. 24, but that was only the second weirdest pregnancy tale of the month. The strangest belongs to Julia Grovenburg, a 31-year-old Arkansas woman who has a double pregnancy. No, not twins - Grovenburg became pregnant twice, two weeks apart. Isn't that supposed to be impossible...