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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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.

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.

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.

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.

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%.

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%.

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.

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.

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.

Home Buyers’ Preferences Shift Towards New Construction

Eye on Housing

Looking at historical data shows a clear shift in preferences towards new construction in 2020. According to the latest What Home Buyers Really Want*, 60% of home buyers would prefer a newly-built home over an existing home.

New Construction Love

The Living Room

They were more interested in a higher level of finish than a big yard so we found some really great new construction options for them. I know older homes have their charm but there are some damn fine new construction homes out there.

Township liable for failing to inspect construction

REM Online

The original post can be found at the following URL: Township liable for failing to inspect construction. The original post can be found at the following URL: Township liable for failing to inspect construction. Tutkaluk Construction Ltd

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.

Ontario has new Home Construction Regulatory Authority

REM Online

The original post can be found at the following URL: Ontario has new Home Construction Regulatory Authority. The Home Construction Regulatory Authority (HCRA) is now responsible for regulating and licensing the people and companies who build and sell new homes in the province.

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?

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.

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

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

States and Construction Trades Most Reliant on Immigrant Workers

Eye on Housing

Last week, we published a post highlighting a continuing high reliance of construction on immigrant workers that now account for 24% of the construction work force. The share is much higher, reaching 30%, among construction tradesmen.

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.

On Your Lot Construction: The Best Option For 2021 Homebuyers?

Homes.com

On your lot construction is resurging thanks to low existing single-family home inventories. The post On Your Lot Construction: The Best Option For 2021 Homebuyers? Building a Home home building home construction lew lew sichelman on your lot OYL

Private Residential Construction Spending Up 2.8% in September

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 $610.9 Total private residential construction spending was 9.9% Construction Statistics Economics

NAHB 4th Quarter HBGI: Suburban Shift for Construction in 2020

Eye on Housing

Single-family construction continued to overperform in suburbs, exurbs and rural communities, according. Read More › Economics affordability coronavirus COVID-19 exurbs HBGI home building geography index home office homebuilding rural single-family construction suburban

Residential Construction Employment Remains Unchanged in February

Eye on Housing

Employment in construction declined in February due to the severe winter weather in many states. Non-residential construction lost 60,800 positions in February, reflecting declines in nonresidential specialty trade.

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.

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

Construction Job Openings Fall Back in February

Eye on Housing

Job openings in construction declined in February to 266,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). However, March payroll employment numbers indicate strength ahead for the JOLTS construction data.

Everything You Need to Know About Construction Loans

RISMedia

Are you wondering how construction loans work? It all comes down to circumstances, and in this case, if you're constructing your own home, you're going to need a particular type of loan: a construction […]. Do you want to build your own home?

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

Jump in Construction Job Openings in January

Eye on Housing

Job openings in construction increased in January to the highest count since the Fall of 2019 according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). Hiring in construction was strong as 2021 began.

Private Residential Construction Spending Strong in October

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 $637.1 Total private residential construction spending was 14.5% Construction Statistics

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