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%

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.

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How home construction loans work

The Morgtage 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?

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.

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.

Custom Construction During Covid

The Living Room

It took us about 2 years to find the right combination of location, lot size and home style, but in January, we found a builder starting construction on a floor plan they liked in the perfect location, that was willing to let them customize all their finishes.

Buying a New Construction Home

American Lifestyle

The post Buying a New Construction Home appeared first on American Lifestyle Magazine. Buying & Selling Finance Financial Advice Home Advice Home Buying Home Loan Real Estate Real Estate Agent Refinancing

Multifamily Construction Gains for Lower-Density Markets

Eye on Housing

The Q2 2020 NAHB Home Building Geography Index (HBGI) reveals a notable multifamily construction shift to the suburbs/exurbs. This is similar to HBGI findings reported for single-family construction.

New Construction Offers Opportunity

The Living Room

For some of my clients, it has caused them to reframe their goals for purchasing a home, and some have begun to look for new construction in the various new communities that are popping up outside of Portland. The post New Construction Offers Opportunity appeared first on Living Room Realty.

Construction Labor Market Adjustment Continues

Eye on Housing

The shock and fallout to the construction labor market from the recession of 2020 continued in early Fall as housing activity strengthened due to low interest rates. Read More › The post Construction Labor Market Adjustment Continues first appeared on Eye On Housing.

Strong Gains in August for Single-family Construction

Eye on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $589.4 Total private residential construction spending was 6.7% Construction Statistics

Apartment Construction Took Longer in 2019

Eye on Housing

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.3 months, according to the 2019 Survey of Construction (SOC) from the Census Bureau. Construction Statistics Housing Data survey of construction

Private Residential Construction Spending Up 2% in July

Eye on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $546.6 Total private residential construction spending was 0.5% Construction Statistics Housing Data

How Does a Construction Loan Work

Maximum Exposure Real Estate

Construction Loans – What You Need to Know Are you considering getting a home construction loan? Do you want to know how a construction loan works? When building your own house, chances are you will need to get a construction loan. The post How Does a Construction Loan Work appeared first on Massachusetts Real Estate Exposure. If you have ever gotten a mortgage before, you have some familiarity with how […].

How New Construction Homes Are Helping Ease the Housing Shortage

Homes.com

As low-interest rates and high demand plague a housing shortage for first-time homebuyers, the one thing changing the game is the increased popularity of new construction homes. The post How New Construction Homes Are Helping Ease the Housing Shortage appeared first on Homes.com.

Construction Hiring Continued in June

Eye on Housing

After an accelerated pace of layoffs in March and April, construction sector hiring roared back in May and continued at somewhat reduced pace in June, per data from the BLS Job Openings and Labor Turnover Survey (JOLTS).

New Marketing Approach For Pre-Construction Condos?

Toronto Realty Blog

But the points are there: 1) Pre-construction condo sales have plummeted in 2020. I’m frankly not surprised that pre-construction condo sales plummeted during a worldwide pandemic. I haven’t sold a single pre-construction condominium to a client in my entire career.

Good News for Women in Construction: Employment Rising

Eye on Housing

The number of women employed in the construction industry grew substantially in 2019 rising to around 1.2 As the construction skilled labor shortage remains a key challenge, adding new workers is an important goal of the industry.

New-Home Construction Rises Modestly in September, Driven by a Northeast Building Boom

Realtor.com

home builders started construction on homes at a seasonally-adjusted annual rate of 1.42 uptick in single-family starts, as multifamily construction activity dipped once again. Home construction activity soared in the Northeast, in particular. New construction was up only 6.2%

Private Residential Construction Spending Declined in June

Eye on Housing

NAHB analysis of the Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $534.2

Construction Job Openings Rise in July as Recovery Advances

Eye on Housing

After an accelerated pace of layoffs in March and April, construction hiring roared back in May, increasing the count of open jobs in July per data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The rebound for construction is concentrated in the residential building sector.

Techniques To Speed Up A Construction Project

Agent Drive

If you are at work on a residential or commercial project, it is essential to meet deadlines in the construction business. The post Techniques To Speed Up A Construction Project appeared first on AgentDrive. Real Estate Marketing Construction project

10 Steps for Navigating the New Construction Home Buying Process

HomeLight

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Are you even sure new construction is right for you?

Toronto Tops Construction Crane Index, With Almost A Third of All Projects

Better Dwelling

The index shows North America saw the first decline of construction cranes in years. The post Toronto Tops Construction Crane Index, With Almost A Third of All Projects appeared first on Better Dwelling.

Construction Loan Volume Contracts During 2Q20

Eye on Housing

Continuing a period of weakness that began at the end of 2019, the volume of residential construction lending posted a slight decline during the second quarter of 2020. The volume of 1-4 unit residential construction loans made.

New-Home Construction Pulls Back Slightly, as Builders Shift Attention Away From the Multifamily Sector

Realtor.com

home builders started construction on homes at a seasonally-adjusted annual rate of 1.42 What happened: The dip in housing starts and building permits was driven by declines in multifamily construction activity. Still the construction industry faces some headwinds. David L.

New Construction and Developments Heat Up in South Florida

Coldwell Banker

The post New Construction and Developments Heat Up in South Florida appeared first on Coldwell Banker Blue Matter.

Sales of New-Construction Homes Rebound to Pre-Coronavirus Levels, Rising 10% in July

Redfin

Meanwhile, the supply of new-construction homes for sale slid 28.4%, representing the largest drop since at least 2013, when Redfin began recording this data. The number of newly-built homes on the market may continue to grow; residential construction projects in the U.S.

Metal Home Construction: Where You Should Use Metals In Your Home

Realty Biz

Metallic materials are excellent and reliable in home construction because of their durability and strength to form structural components, pipework, cladding materials, and other features. Are you planning on using metals in your home construction and repairs?

COVID-19 Pandemic Impact on Global Construction and Housing Sectors

Eye on Housing

COVID-19 Pandemic Impact on Global Construction and Housing Sectors The impact of COVID-19 on the home building industry is a key concern for most, if not all, countries. Jack Rutherford served as an intern for the NAHB Economics Group during the summer of 2020. He authored the following post.

Real estate startup takes aim at new construction market

Inman

Welcome raised $5.35 million in seed funding and is founded by the team behind DigitalOcean, a unicorn cloud infrastructure provider. Select Technology Alec Hartman DigitalOcean Global Founders Capital new constrcution welcome

Single-Story Home Construction Continued to Increase in 2019

Eye on Housing

Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows that the share of two or more stories homes started is greater than one story homes in 2019, although the share of two-story homes decreased slightly in 2019.

New-Construction Home Listings Drop 4% in August, Reversing Course From July’s Rebound

Redfin

Listings of new homes aren’t bouncing back as quickly as listings of existing homes because, unlike individual homeowners, construction companies have to deal with lumber and labor shortages during the pandemic. More New-Construction Highlights in August: The typical new home was on the market for 88 days before going under contract, down from 93 days a year earlier. The West was a laggard, with greater declines in new-construction listings and inventory than any other U.S.

Jobs Making Slow Comeback Amid Pandemic, Construction Employment Sorely Needed

RIS Media

Construction employment stayed relatively flat (20,000-plus) after job gains of 619,000 in May and June combined. “With housing shortages across the country, construction jobs need to ramp up. million residential construction and general contractor jobs are needed to fully supply the market with new inventory. The post Jobs Making Slow Comeback Amid Pandemic, Construction Employment Sorely Needed appeared first on RISMedia. The U.S.