Joel Madden & Nicole Richie

Nicole Richie and Joel Madden have another baby on the way (due sometime this summer) and have reportedly dropped $1.9 million dollars on a new crib. Not a baby crib though. The two purchased a newly renovated home featuring 5,400 square feet of space with four bedrooms and five bathrooms in the Hollywood Hills. Their nearly $2 million home also features a powder room, large living room, a guest house and a pool, complete with a poolside bar.

But will this big new home purchase bring on the sounds of wedding bells? Probably not in the near future, reports Star Magazine.

The reality TV queen turned designer recently told Larry King: “Right now, we’re really, really focused on our family… As far as feeling that need of commitment, we both really have that in each other.”

Star told you first that Nicole and the Good Charlotte rocker were trying for baby number two. They announced their baby news in February and the wee one is expected this summer.

Do you think Nicole and Joel should tie the knot? Think they have a good thing right now and should just go with it? Weigh in.

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Nicole Richie & Joel Madden's new $1.9 million Hollywood Hills home

Nice crib!