Items Tagged with 'New construction'

ARTICLES

  • Housing starts fall to slowest pace since 2017 led by flood-ravaged Midwest

    Single-family starts decline while multifamily unchanged
    Housing starts in March fell to the slowest pace in almost two years, according to a report from the Department of Housing and Urban Development and the Department of Commerce. The decline was led by single-family starts while multifamily starts, a category including condominiums and apartments that tends to be more volatile, remained unchanged from the prior month.
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  • Home remodeling surges 30% in 5 years

    Housing construction leveling off?
    Home remodeling continues to increase in frequency as more Baby Boomers are electing to age in place and even Gen Xers opt to improve their current homes rather than trading up to newer ones. In fact, home remodeling has surged by about 30% in the past five years, according to the latest report from BuildFax.
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  • Housing stock age shows desperate need for new construction

    Average age increases over past decade
    Aging housing stock tells the tale of a construction industry that continues to fall behind in the number of new homes built each year. NAHB explained the aging trend is due primarily to the slight increases in residential construction over the past decade, and it’s giving rise to a new trend in the construction industry.
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  • Housing starts hit best year since 2007

    December makes up grounds lost in previous month
    December made up for some of its lost ground in November with an increase in housing starts. In fact, 2016 finished off the year as the best year for housing starts since 2007. However, the market remains in desperate need of new housing stock.
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  • Here’s the real danger to the recovering housing market

    First American explains new construction’s future role in housing
    As interest rates increase, experts look at what that will mean for the future of the housing market, and what changes are coming in 2017. First American’s senior vice president and chief economist talks about some of the dangers, especially for first-time buyers.
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  • Pending home sales hit second highest point in decade

    West led the nation in July
    Pending home sales increased in July led by high gains in the West, which hit its highest month in more than three years. There is, however, still room for more growth. There’s little doubt there’d be more sales activity right now if there were more affordable listings on the market.
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  • Yes, housing starts fell in December, but all is not lost

    November’s upwardly revised totals make December look a little worse
    The housing start rollercoaster continued in December, with housing starts falling in December from November, which saw a significant increase from October’s unexpectedly dramatic drop. But several economists noted that the December data, while appearing negative, is actually a positive for housing.
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