Trumark’s acquisition of the developed land marks a Washington expansion for the builder, which acquired local homebuilder JK Monarch this March.

The reports show higher mortgage rates taking a larger share of household income while applications for new-home purchases are falling.

Homes built in 2020 or later cost 10% to 15% less to insure per square foot than homes built between 1980 and 2010.

Realogics Sotheby’s International Realty is exclusively handling sales.

New builds are about the same price as existing homes on the market, but that is not due to rising regulatory costs builders have to pay.

The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates. 

Realogics Sotheby’s International Realty is serving as the exclusive listing representation for the Terminal One Motor + Yacht Club.

The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Amenity offerings include a pickleball court, playground, dog park, walking paths and green spaces, as well as direct access to the Cross Kirkland Corridor Trail.

RSIR’s Suncadia listings include bungalows and row homes at Suncadia Social, the MPC’s mixed-use village, and single-family homesites at Nelson Lakes. Pricing starts at $1.065 million.

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

High Street Residential will construct a multifamily housing community at 1200 116th Ave. NE in Bellevue.

Among the top 50 metro areas, Boston and Miami led the pack. 

Builder confidence saw a modest bump in May, but affordability challenges continue to weigh heavily on the housing market, according to new survey from the National Association of Home Builders. 

KB’s new corporate home base in Maricopa County, located at the Hayden Ferry Lakeside business park, will preside over the company’s operations in 49 markets across the country.

Timber Trails features 46 homes across a variety of three-story townhomes and duplexes.