Items Tagged with 'Home building'

ARTICLES

  • Housing starts fall for third consecutive month

    July housing starts fall 4%, led by a 17% plunge in multifamily
    Housing starts fell 4% in July to a seasonally adjusted annual rate of 1.191 million, led by a 17% plunge in multifamily starts, according to the Department of Housing and Urban Development and the Department of Commerce. TIAA Bank Executive Vice President John Pataky said the number missed expectations for the third month in a row, extending what has been a disappointing run for the housing market.
    Read More
  • Lack of housing inventory is weighing down the market

    Single-family home sales disappoint
    Mortgage applications are up, but home sales are down, and lower rates don’t seem to be making an impact. What gives? Blame a lack of housing supply, according to a recent report from Capital Economics, which noted that “qualifying for a mortgage is of little help if you can’t find a home to buy.”
    Read More
  • Housing starts slid further in June as rising construction costs weakened the market

    Housing starts fall 0.9% in June
    Rising construction costs and a growing shortage of skilled labor contributed to housing starts falling further in June, according to the latest report from the U.S. Department of Housing and Urban Development and the U.S. Department of Commerce. According to the analysis, housing starts fell 0.9% in June 2019 to a seasonally adjusted annual rate of 1.253 million units.
    Read More
  • Housing starts decline in May, signaling a slowdown in production

    Housing starts fall 0.9% in May
    Housing starts reversed course in May, signaling a slowdown in production, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. Navy Federal Credit Union Economist Robert Frick said another weak housing report shows the housing industry is far from producing homes at a rate to satisfy demand.
    Read More
  • Calabria calls on cities to deregulate to spur more home building

    FHFA Director: The most burdensome regulations come from local governments
    There are many factors leading to the slowing pace of home building, but one big reason is local regulations and the costs associated with them, at least according to home builders. And now, builders have a substantial new ally in their fight against local regulations, as FHFA Director Mark Calabria said Monday that municipalities need to begin cutting regulations in order to generate more home building.
    Read More
  • After months of setbacks, housing starts rise nearly 6%

    Single-family construction up 6.2% from previous month
    Housing starts rose nearly 6% in April, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. Realtor.com Senior Economist George Ratiu said from rising inventory to lower mortgage rates and higher consumer confidence, new housing construction mirrored improvements in the housing market.
    Read More
  • Millennials, seniors are fleeing cities in search of affordable housing

    Home building and sales are heating up in the "exurbs," and the trend could be risky
    While the housing market on the whole has experienced a slowdown, there are some unexpected markets that are heating up. They’re called the exurbs – or remote areas just beyond affluent suburbs – and Millennials and retirees are flocking to them. Why? Because rising home prices and high mortgage rates are driving some homebuyers out of urban centers toward remote locations where homes are more affordable.
    Read More
  • Housing market cools down as home building takes a dive

    Single-family construction down 17% from previous month
    Housing starts fell 8.7% in the month of February, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. The one bright spot seems to be an increase in multifamily permits, where the overwhelming majority of which will feed the rental market.
    Read More
  • Taylor Morrison closes AV Homes acquisition

    Companies finalize deal worth nearly $1 billion
    National homebuilder and developer Taylor Morrison announced Tuesday it has finalized its acquisition of AV Homes. The deal, valued at close to $1 billion, marks a significant new phase in Taylor Morrison's growth strategy and expands its scale in five overlapping markets.
    Read More