New home construction shoots up 22.6% in July

Housing Wire

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% The post New home construction shoots up 22.6%

Growth for Townhouse Construction

Eyes on Housing

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction continued at a strong pace in the first quarter of 2021. This followed the best quarter for townhouse construction in 2.5

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Residential Construction Employment Rose Slightly in April

Eyes on Housing

Residential construction employment rose by 3,100 in April, after an increase of 28,700 in March. Read More › Construction Statistics Economic Indicators Economics Housing Data COVID-19 employment labor force labor force participation rate residential construction employment

HBGI Shows Suburban Shift for Multifamily Construction

Eyes on Housing

Read More › Economics apartments COVID-19 exurbs home building geography index housing demand housing preferences multifamily construction single-family construction suburban townhouse construction

Increase in housing starts has construction playing catch-up

Housing Wire

Duncan noted the pace of new home sales over the past six months has accelerated more quickly than the construction pace, suggesting homebuilders will have to play catch up relative to sales going forward.

Construction Self-Employment Rates at Record Low

Eyes on Housing

million) of construction workers are self-employed. Nevertheless, construction self-employment rates are now lowest on record, down from a record high of over 26% in 2010. One of the factors behind the recently falling construction self-employment.

Suburbs see greatest gain in single-family construction in Q3

Housing Wire

Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. The report showed that single-family construction in second-home markets expanded at a 13.6% Apartment construction increased in second-home markets by 11.1%.

Should You Buy an Existing Home or New Construction?

Keeping Current Matters

With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . Another solid benefit to new construction is customization.

SoftBank-backed construction startup shutters US operations

Inman

Following a final $200 million investment from SoftBank, Katerra is closing after years of financial mismanagement and rising construction costs.

Construction Cools as Costs Climb

Eyes on Housing

Housing production declined in April due to rising prices and limited availability of lumber and other building materials. Overall housing starts decreased 9.5% to a seasonally adjusted annual rate of 1.57 million units, according to data from the U.S.

Residential Construction Loan Volume Moves Higher

Eyes on Housing

Ending a period of volume decline that began at the end of 2019, the volume of residential construction lending posted an increase during the first quarter of 2021. The volume of 1-4 unit residential construction loans made.

Residential Construction Is Recovering Faster Than Non-Residential Construction

Eye on Housing

Total construction industry (both residential and non-residential) employment totaled 7.4 Residential construction employment rose by 15,400 in November to 2.9 In the past seven months, job gains in residential construction offset.

Rebound for Townhouse Construction

Eye on Housing

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction expanded to a 2.5 year high during the final quarter of 2020.

Immigrants in Construction: Rising Numbers, Falling Share

Eye on Housing

According to the most recent American Community Survey (ACS), the number of immigrant workers in construction approached 2.8 Immigrant workers now account for 24% of the construction workforce, slightly below the 2016 record high share of 24.4%.

Second Home Markets Show Construction Growth

Eye on Housing

For the third quarter of 2020, NAHB’s Home Building Geography Index (HBGI) found construction gains for traditional second home markets. Read More › The post Second Home Markets Show Construction Growth first appeared on Eye On Housing.

NAHB: Multifamily Construction Sentiment Improves

RIS Media

The post NAHB: Multifamily Construction Sentiment Improves appeared first on RISMedia. Latest News National News Housing Market Industry News Multifamily Construction NAHB National Association of Home Builders Real Estate

Top Products Used in New Residential Construction

Eye on Housing

In a recent article, NAHB analysis of government data found that new single-family and multifamily construction used a total of roughly $94.93 Read More › The post Top Products Used in New Residential Construction first appeared on Eye On Housing.

Bankrupt construction startup Katerra sued by former employees

Inman

Industry News Technology construction employment law Katerra lawsuits softbankFormer employees of the SoftBank-backed real estate startup say they were laid off without a fair warning.

Residential construction on the rise amid major inventory shortage

Inman

Analysis Markets & Economy News Brief doug duncan fannie mae Holden Lewis home construction inventory NerdWallet new construction U.S. Residential housing starts rose 19.4

5 tips for helping homebuyers navigate a new construction purchase

Inman

Here are my top five tips for working with new construction buyers. Agent Back to Basics Columns Select Service Teams Adam Hergenrother building a home construction new build new construction theme-month-202104Helping buyers navigate the homebuilding process can be challenging.

What’s Happening in New Home Construction and Sales?

McKissock

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news.

Rising rates are slowing home construction

Inman

Markets & Economy Select first american housing construction housing starts John Pataky Odeta Kushi permits TIAAHousing starts plummeted in February as interest rates and lumber costs soared.

10 new construction gotchas agents should watch out for

Inman

Navigating new construction is like walking through a field of landmines right now. Agent Columns Select Service Teams building buying new Cara Ameer construction new new build new construction new home

Count of Open Construction Jobs Near Two-Year High

Eyes on Housing

The count of open construction jobs increased in April to 357,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). Overall, hiring in the construction sector slowed in April, declining to a 4.5%

Construction startup Katerra files for bankruptcy

Inman

The company blamed its financial position on the effects of the COVID-19 pandemic, difficulty securing funding for new construction and “unsuccessful attempts to secure additional capital and business.”.

Construction spending rises again in April as lumber costs climb

Inman

Residential construction spending continued to grow in April, rising 1.3 Data Industry News Markets & Economy construction daniel houston lumber new build new construction new construction spending

Residential Construction Employment Surpasses the February 2020 Level

Eye on Housing

Residential construction employment increased by 37,000 in March, while non-residential construction added 73,100 jobs. Currently, employment in residential construction surpassed the level in February 2020, while only 64% of.

Highest Paid Occupations in Construction in 2019

Eye on Housing

According to the 2019 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey data and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $49,030 and the top 25% make at least $68,690.

Townhouse Construction Weakness Continues

Eye on Housing

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during a challenging second quarter.

Construction Woes

The Living Room

However, learning about planned construction/improvements can help alleviate the frustrations of not knowing where the construction is happening, the best tool for preparing yourself for predictable driving delays can be found at ODOT’s Projects page.

Rates on Development & Construction Loans Continue to Decline.

Eyes on Housing

Builders and developers responding to NAHB’s Survey on Acquisition, Development & Construction (AD&C) Financing continued to report declining interest rates in the first quarter of 2021.

Construction Employment Changes Little in January

Eye on Housing

In January, residential construction employment remined unchanged virtually (-600), after increasing for eight straight months. Meanwhile, non-residential construction lost 1,900 positions, after four consecutive months of gain. Currently, job gains in residential construction.

How home construction loans work

The Mortgage Report

If you want to build your own home, you'll likely need a construction loan. Learn how construction loans work and why they're different from mortgages. Buying a home Mortgage Products Mortgage Strategy

How are smart cities impacting the construction industry?

The American Genius for Real Estate

[OPINION EDITORIALS] The movement towards smart cities will change the construction industry for the best - creating more connected, collaborative, and efficient cities. The post How are smart cities impacting the construction industry?

Buy and build with Welcome Homes’ online new construction platform

Inman

Home Buying Industry News News Brief Select Tech Reviews Technology Virtual Tours 3d tours buyer agents home builders homebuying matterport new construction new construction market online search online tours PropTech real estate technology reviews virrtual tours Welcome Homes

4 tips to help you win new construction listings

Inman

New construction listings are a specialized area of the industry that can take an agent’s career to the next level. Agent Lead Generation Listings Luxury Luxury Lens Select Teams David Parnes James Harris new construction new development selling new construction the agency

Townhouse Construction Decline Continues

Eye on Housing

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during the third quarter. Read More › The post Townhouse Construction Decline Continues first appeared on Eye On Housing.

Suburban Shift for Home Construction Continues into Third Quarter

Eye on Housing

Read More › The post Suburban Shift for Home Construction Continues into Third Quarter first appeared on Eye On Housing. Economics coronavirus COVID-19 exurbs HBGI home building geography index multifamily construction single-family construction Single-Family homes suburban

VA construction loan guide: Requirements and process

The Mortgage Report

A VA construction loan lets you buy land, build a home, and finance the mortgage with 0% down. But these loans can be hard to find. Learn more here. VA Loans

Loans 99

VA construction loan guide: Requirements and process

The Mortgage Report

A VA construction loan lets you buy land, build a home, and finance the mortgage with 0% down. But these loans can be hard to find. Learn more here. VA Loans

Loans 99