This week in design, the appearance of food cart In the new Netflix series observer It sent viewers rushing to look up tiny elevators online — and as it turns out, some companies can install them in new homes. Stay in the know with our weekly roundup of headlines, launches, events, recommended reading and more.
September was the eighth consecutive month of declining US existing home sales. The Wall Street Journal Reports, making it the longest such streak in 15 years. While the Federal Reserve tried to cool inflation by raising interest rates — pushing mortgage rates to 6.94 percent this week — home sales fell sharply after the pandemic boom. Excluding the early months of the pandemic (when home sales stopped briefly), the rate of existing home sales in September was the lowest since 2012. As a result, related industries also saw a drop in demand last month, with prices and sales of furniture and appliances as spending on lumber fell. and plumbing fixtures.
In related news, many homebuilders are entering the current downturn in the market with more precautions than the 2008 subprime mortgage crisis, which wiped out about half of all homebuilders, The Wall Street Journal Reports. While builders are once again seeing a steep decline in buyers (one company noted that 639 eligible buyers wanted homes in their development a year ago; today that list is down to just 30), industry analysts say that in recent years, companies have taken a more conservative approach in Acquiring debt and land, and opting for arrangements that provide the option of purchasing space for real estate only when demand calls for it. Others have resorted to the rental market to bring in revenue on unsold single-family homes or have sold properties in bulk to investors at discounted rates for the same use. As a result, experts say, the oversupply of new homes has not been as severe as it was before the 2008 housing crisis, when a sudden oversupply of housing drove down property prices across the board.
Retrofits are on the rise in the United States, Bloomberg Reports. According to a recent analysis from the American Institute of Architects, the majority of the architecture firm’s new services came from renovations rather than new construction as of spring 2022—the first time in two decades that renovations have outstripped new construction. The trend has been increasing steadily since 2017, when renewals accounted for 44.4 percent of bills compared to 52 percent for this year. The survey also found that this year has seen a sharp increase in the amount of architectural bills for residential businesses, jumping from 17.5 percent in 2020 to 28 percent in 2022.
new scan from US News & World Report It explores the concerns looming over the minds of US homebuyers today, and finds that 74 percent of those surveyed consider the impact of climate change and natural disasters on their homes among their concerns. The survey polled 2,000 US residents who bought a home in 2021 or 2022, and also found that more than three in four cited inflation as an obstacle to their home repair or renovation plans — while more than two in three said supply chain issues also caused problems. Effect. Overall, 69 percent of new homebuyers admitted to buyer remorse, with 36 percent concerned about whether they would eventually be able to sell their home.
Museums around the world are witnessing a plethora of attacks on artifacts as climate activists have been throwing food and liquids at artworks to draw attention to environmental issues. As Artnet reports, incidents occurred at the Barberini Museum in Potsdam, Germany, where activists from a group called Letzte Generation threw mashed potatoes at a Claude Monet painting; And at the National Gallery in London, where members of Just Stop Oil threw tomato soup on sunflowers by Vincent Van Gogh. The group’s latest move saw protesters smash a chocolate cake on a wax statue of King Charles III at Madame Tussauds in London, followed by a post from the group on Twitter that read: “The science is clear. The request is simple: just stop the new oil and gas. It’s a piece of cake.”
Made, a London-based home and furniture retailer, Made, has canceled discussions of the potential sale after the parties involved were unable to meet the necessary timelines, Market Watch ReportsA move that sent shares down 61 percent. The news follows last week’s announcement that the company had received a number of non-binding offers to sell and selected several to advance towards firm offers. Now, if no company funding or offering is made before it passes through its cash reserve, Made says its board will take action to “preserve value for creditors.”
Launch and Collaboration
In honor of Diwali, the five-day Indian festival held in anticipation of the new year, designer Luna Gil has teamed up with Ikea for a new range of products inspired by the annual celebration. The collection, titled Aromatisk, includes a tablecloth, candle holders, seat mats, and seat cushions in vibrant colors and patterns reminiscent of the colorful activities that surround the festival each year.
Frances Merrill, founder of Los Angeles-based interior design studio Wraith Design, has curated a selection of favorite items offered by Bonhams’ auction house in anticipation of its upcoming modern design and art auction in Los Angeles. An enlightened aesthetic, with pieces ranging from French artist Emile Galle’s colorful floral-themed vases to a custom set of eight bright green chairs designed by furniture maker and architect Roy McMackin.
Courtesy of Atlanta Homes & Lifestyles
Atlanta homes and lifestyles The magazine announced the 14th annual Designer Home for the Holidays fair and market, scheduled from November 17 to December 11. For this event, a 10,505-square-foot home located in the Randall Mill neighborhood of Atlanta will be reimagined by a group. Designers including Tavia Forbes and Monet Masters of Forbes Masters, Lauren DeLoach of Lauren DeLoch Interiors, Evan Millard of Millard, and Amber Guyton of Blessed Little Bungalow, among others. Proceeds from the exhibition will benefit the Atlanta Child Care Organization.
Suggestions for reading
Scandinavian design symbolizes everything functional, simple, and tasteful in home decor for most US consumers—but how exactly did the region’s aesthetic principles dominate a market halfway across the world? As Nate Berg writes, fast companyA smartly coordinated marketing scheme may be one of the biggest motivators. As evidenced by a new exhibition at the Los Angeles County Museum of Art, the story traces back to a focused post-war effort by poor Scandinavian industries, which sought to capitalize on the growing demand for household goods in the United States by capitalizing on the stereotypes of Americans that the Nordic way of life had been. .
R distinguish himself from other home-based retailers with on-site restaurants by upgrading the design of their restaurants, incorporating high-end materials such as white oak and Italian travertine along with bespoke tables, chairs and light fixtures. As Priya Krishna writes: New York timesIt’s often that highly tuned aesthetic – not the food, or maybe even the service – that keeps customers coming back.
According to a new report from online marketplace HomeAdvisor, the majority of consumers today agree that when it comes to buying a home, it’s what’s inside that matters: 76 percent of respondents agreed they would buy a home that was ugly on the outside but perfect on the inside. inside. As Alina Dizik writes for The Wall Street Journalthe statistic relates to the fact that homebuyers have shifted their focus to indoor spaces since the start of the pandemic, making the everyday experience inside a home more important than its appeal.
Architectural Record Announcing the winners of the 9th Annual Awards for Women in Architecture. The Program’s Design Leader Award went to Carol Ross Barney, the leader of Chicago-based Ross Barney Architects. Next Generation Leader Award to Jing Liu of So-Il Corporation in Brooklyn; Howard University Professor Hazel Edwards Educator Award; Activist Award for Monica Rhodes, Team Leader of Hope (Practical Conservation Experience) of the National Heritage Trust; and an Innovator Award to Gonsara Roth and Alison Merz, directors of the Hygienic Materials Lab at Parsons School of Design, which has created new resources, educational programs, and housing models for a more sustainable world.
The American Home Furnishings Hall of Fame has announced its inductee for 2022. New program members include Michael Amini, Chairman and CEO of AICO/Amini Innovation Corp; Michael K. Duggan, former president and CEO of Henredon Furniture; John Jabert, founder of Room & Board; Neil Goldberg, Chairman and CEO, Raymour & Flanigan Furniture; and Stephen K. Bond, the founding publisher of Today’s Furniture.
WithIt, a network to develop women leaders in the home and furnishings industry, has announced the winners of the 2022 WOW Awards. Among the honorees are JoAnne Staltari-Wiley of JB Hunt Final Mile for the Mentoring Award; Shannon Williams of the Home Furnishing Association Future Leader Award; Amy Vernon of La-Z-Boy Incorporated for Leadership Award; Caprice Crawford of the Home Furnishings Association Education Award; The Jenny Harris of Kreber won the Excellence in Sales Award.
The Education Foundation of the International Association of Furniture and Design has announced the five winners of its Professional Grants for 2022. This year’s recipients will pursue topics ranging from creating smart cities to inclusive healthcare design, along with wholesale antiques and historical preservation. Among the winners is Saman Jamshidi, associate professor of architecture and interior design at the University of Nevada, Las Vegas. Kristin Wakta, assistant professor in the College of Behavioral and Social Sciences in the College of Human Ecology at Georgia Southern University; Luke Cowan, Senior Project Manager, IA Interior Architects; Beth Miller, Professor and Chair of the Department of Interior Design and Master’s Program in Historic Preservation at Mississippi State University; and Kane Welk of the IFDA’s New York branch.
interior design The magazine, in partnership with Toronto-based digital marketing firm Digby, has launched the inaugural Metaverse Architecture and Design (MAD) Awards, which will celebrate design professionals and projects working in the Web3 spaces. The awards program will include categories such as Future Designer, Off and Built Projects, Metaverse Destination, Immersive Digital Art, and Students of Future Special Recognition, with the winners honored at the MAD Awards Gala to be held in Spatial. io metaverse – a platform for cultural events and experiences in the virtual world. To apply before the deadline of December 21, 2022, click over here.
Home page: Colorful tablecloths, candle holders, placemats and seat cushions from the Ikea Aromatisk collection | Courtesy of IKEA
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