Every builder has go-to tools for certain jobs. Getting your taxes done is no different. Here are six tips to help you through this tax season:
(1) You may be able to deduct your home office. But there’s a catch: You can claim the deduction only if you have a room, or a distinct portion of a room, dedicated exclusively and regularly for your main place of business. Running your business from the workbench won’t cut it. But if you can document your use of a qualifying space, you should be able to claim the deduction. Also keep in mind that the rules differ slightly depending on whether you are self-employed or an employee.
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Continue reading 6 Ways Builders Can Save Money At Tax Time
by Mike Beirne
The kitchen is where 83 percent of builders say they sell most of their upgrades to homebuyers. Seventy-nine percent of respondents in Professional Builder’s 2016 Kitchen & Bath survey either strongly or somewhat agree with the statement that the kitchen is not only the heart of the home, it’s the most important room for marketing their houses.
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Continue reading Exclusive Research: Kitchen & Bath
by Tracy Elsen
After Hearst and Forest City’s major 5M development made it through a tense Planning Commission meeting in September, there was only one major hurdle left to clear: The Board of Supervisors. Now, approval looks nearly certain because Forest City has struck a major deal with Supervisor Jane Kim to up the percentage of below-market-rate housing from 33 to 40. That would make 5M officially the largest ever affordable housing development built on private land in San Francisco.
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Continue reading SoMa’s 5M Makes Deal For 40 Percent Affordable Housing
As the Senate Transportation, Housing and Urban Development (T-HUD) Appropriations Subcommittee prepares a spending bill for fiscal 2016, NAHB is urging lawmakers to restore funding for the Home Investment Partnerships (HOME) Program.
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Continue reading The HOME program, designed to create affordable housing for low-income households, is facing serious cut backs. Currently being funded at 900M, the Senate is proposing cutting funding back to only 66M in 2016.
by Landon Dowdy
If you’re paying more for rent this year, you’re not alone. Rents climbed an average of 15 percent across the country between 2009 and 2014, according to a recent analysis by the National Association of Realtors, and the cost to rent in some markets like New York, Seattle and San Francisco has jumped more than 20 percent.
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Continue reading Millennials Get Hit With Record-High Rents
by Tracy Elsen
The intersection of Turk and Taylor streets is one of the Tenderloin’s most notorious spots for crime, but now it has been tapped as the future home of a 70-unit group housing project. The plans for the parking lot at 105 Turk Street, submitted by Mosser Capital Management, which also owns the building next door, would stand 11 stories high and bring units of roughly 350 square feet to market, as the San Francisco Business Times reports. The project is the latest of several planned for San Francisco that would hold smaller units with their own bathrooms but no full kitchens or living spaces. Those things would be shared with other residents.
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Continue reading Tiny Units Planned For Tenderloin’s Notorious Turk And Taylor
The California Supreme Court has ruled that cities and counties have broad authority to require builders to include affordable housing units in new projects. Local ordinances requiring units to be set aside at below market price are thus constitutional.
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Continue reading New Legislation Allows California Cities To Require Affordable Housing From Developers
Originators may see an influx of first-time buyers in the near future, with housing size trends expected to reverse as builders focus on more cost-friendly, smaller homes.
According to Robert Dietz, economist for the National Association of Home Builders, a greater number of smaller homes will hit the market and counter a trend that has seen the market largely dominated by large homes.
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Continue reading First-Time Buyers To Get More Options
by Tracy Elsen
The plot of land on the edge of Hayes Valley that was formerly known as Parcel H is finally nearing its debut as 34 new condos under the name 400 Grove. The land was once part of the Central Freeway, but after the roadway was torn down in 1992, the parcel was put aside for residential development. DDG and DM Development—the team behind nearby 8 Octavia—worked with Fougeron Architecture to build a structure that is focused around a central courtyard filled with bamboo and designed by Fougeron and Marta Fry Landscape Associates. Each residence has windows covered by rain screens made of sustainably sourced redwood that together make up the most notable feature of the facade.
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Continue reading Hayes Valley’s 400 Grove Gears Up To Sell 34 New Condos