Wayfair’s first store, lumber prices plunge and more

Dramatic, fleeting and just out of reach, this season’s Broadway sets are an attraction in their own right for some theatergoers – now the designers behind several current stage environments share how they brought each space to life. Whatever happens next, stay in the know with our weekly roundup of headlines, launches and events, recommended reading and more.

Economic news

Italian lighting brand Foscarini has acquired German lighting company Ingo Maurer. Foscarini will acquire 90% of Ingo Maurer’s shares, with the remaining 10% retained by Sarah Utermöhlen—the daughter of a German designer Ingo Maurer, who established the eponymous studio in 1966. Maurer, who died in 2019, left a legacy in the design world for landmark creations such as the oversized bulb-shaped Bulb lamp, which is now part of the permanent collection of the MoMA. Founder of Foscarini Carlos Urbinati said in a statement that the company plans to maintain the integrity of the historic brand, “with the specific intent of preserving its traditions, values ​​and distinctive expressiveness.”

Wayfair has opened its first physical location for its AllModern house brand in Lynnfield, Massachusetts. Connected to a corresponding AllModern app, the space offers free design services and free delivery, assembly and installation. Later this year, the company also plans to integrate its Joss & Main brand into a physical retail space in Burlington, Massachusetts, with the three remaining house brands Wayfair, Birch Lane and Perigold to follow over the next two months. years.

Timber futures prices and on-site timber prices plunge, The Wall Street Journal reports, as rising interest rates continue to deflate markets that boomed during the pandemic. After hitting a high of $1,334 in early March, lumber futures fell 52% to $695.10 per thousand board feet last week, while spot lumber sales prices rose. fell 12%. The drop can be partly attributed to a slowdown in construction, with single-family home completions, housing starts and building permits each falling in April, according to the Census Bureau. At the same time, building materials dealers hit more normal inventory levels due to improving supply chain conditions and lower demand for new homes as mortgage rates rise. .

Older members of Gen Z, the cohort born between 1997 and 2012, are beginning to enter the housing market, accounting for 10% of homebuyers in America’s 50 largest metropolitan areas in 2021, though the increase in remote work and rising interest rates affect where exactly they have taken root. According The New York Times, a report from online lending market LendingTree found that many young adult buyers are looking for mortgages in mid-sized cities, with Salt Lake City; Louisville, Kentucky; and Oklahoma City taking the top three spots borrowers flock to, while the coastal cities of San Jose, California; New York and San Francisco take the bottom three.

Ikea will begin selling residential solar panels in the United States this fall, Apartment Therapy reports, expanding the offer to members of its free customer loyalty program in select California markets. The move will be done in partnership with residential solar technology provider SunPower, which will help customers design and install a complete solar power system for their home. The offer currently exists in 11 markets in Europe, where buyers have the option of tracking their energy consumption and reselling excess electricity. After the California rollout, Ikea plans to bring the service to other locations in the United States.

Tom Conley, who served as president and chief executive of the High Point Market Authority for the past 11 years, announced he would retire at the end of the year. Conley will be replaced by the organization’s current chief operating officer, Tammy Nagemwho has been part of Market Authority since its inception over 20 years ago and will assume his new role on January 1, 2023.

Launches and Collaborations

Apple TV+ has picked up a second season of the docuseries Housewhich will premiere on June 17. The Emmy-nominated show features an in-depth look at innovative homes around the world, with each episode of the second season focusing on a different visionary behind distinctive properties in France, Mexico, South Africa, Iceland and more. .

Bobby Berk outside the estate he designed in Palm Desert, now available as an Airbnb listingCourtesy of Airbnb

Bobby Berkdesign expert and Netflix host weird eye, announces its newly renovated Palm Desert home on Airbnb and celebrates the launch by offering a pair of two-night stays for $22 each. The property, called Casa Tierra, features seven bedrooms, covered balconies, a pool and hot tub, all located 30 minutes from Palm Springs, California.

Quartz surface producer Cambria has teamed up with furniture retailer Room & Board for a new addition to its series of collaborations, which began in 2020. Beginning in June, the launch will include six new custom Cambria surface designs for seven of Room & Board’s bathroom vanity collections, as well as the Amherst collection of storage cabinets and kitchen islands.

Home improvement brand Semihandmade has partnered with Caesarstone to offer customers the brand’s quartz surface products for its own cabinetry. Through the Caesarstone Connect platform, customers will be connected with local fabricators who will measure and install Caesarstone surfaces to fit their semi-handmade items. The debut coincides with the launch of Semihandmade’s Marketplace, a new one-stop shop where customers can browse Semihandmade cabinet fronts, Caesarstone surfaces, decorative hardware from brands like Rejuvenation, bath accessories from Hawkins New York and more.

recommended reading

As renovation projects and binge-watching grew in popularity during the pandemic, so did home improvement shows – and with that surge came a slew of allegations of “incompetence, negligence and shoddy construction” on the part of various participating owners. For The New York Times, Debra Kamin talks to former contestants, now free (or in defiance) of confidentiality agreements that kept their frustrations largely in the dark, about the complaints and lawsuits they’ve filed against home networks since appearing on such programs.

In Hudson, New York, when a former city councilwoman and anti-gentrification activist — who helped pass local legislation restricting short-term rentals — listed her own property on Airbnb in early 2022, a scandal sprung up. is followed. The move sparked outrage among residents of the city, which when the pandemic first hit in 2020 became the metropolitan area with the largest influx of new residents in the country. For braked, Clio Chang dives into the drama and explains why this could be a microcosm of a larger conversation about regulating short-term rentals that will unfold for years to come.

Cue the applause

The Institute of Classical Architecture & Art has announced the winners of the 2022 Arthur Ross Awards for Excellence in the Classical Tradition. This year’s recipients include California-based Appleton Partners LLP in the Architecture category; John Danzer garden furniture store Munder-Skiles in the Artisanship & Craftsmanship category; Suzanne Rheinstein & Associates, based in Los Angeles, in the Interior Design category; Arne Maynard Garden Design, based in Wales, UK, in the Landscaping and Gardening category; Based in London Timothy Smith and Jonathan Taylor in the Education category; and based in New York Barry Bergdoll in the History and Writing category. For the full list of winners, click here.

Wayfair's first store, lumber prices plunge and more

The gold medal-winning garden designed by Ruth Willmott of Morris & Co.Courtesy of Morris & Co.

Morris & Co. Garden and its designer, Ruth Willmot, won the prestigious Gold Medal at this year’s Chelsea Flower Show, the event’s highest honor. The winning design incorporates William Morrislove for native plants with a mix of British horticulture, complemented by woven fencing, a laser-cut pavilion and Yorkstone tiles, all made by artisans.

Call for applications

The Ageless Living Collaborative is now accepting applications for its Senior Living Design Scholarship sponsored by Samuelson Furniture. The competition awards $10,000 to an older adult life design student, with the goal of encouraging evidence-based design and better outcomes for older adults. For more information or to submit an application, click here.

In memory

Colin Forbesgraphic designer and co-creator of design organization Pentagram, has died aged 94. According The New York Timesin 1972, Forbes joined Alan Flecher, Theo Crosby and Mervyn Kurlanski to start the business, which would function as a cross between a boutique business and a large Madison Avenue-type operation, valuing a structure that prioritized collaboration and artistic independence in equal measure. Informed by the business acumen and leadership of Forbes, the company has become a force in the industry, forming partnerships with brands such as Jack Daniel’s, the Great Western Railway ticket office at London’s Paddington station and Shakespeare in the Park in New York. “For most of a long and spectacular career in graphic design, Forbes has focused his splendid energies on nothing less than the design of the design practice itself. This makes him a designer of a designer in a sense. quite special,” read an in memoriam statement.

Homepage image: Inside Bobby Berk’s Palm Desert property, now listed on Airbnb | Courtesy of Airbnb

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