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%

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.

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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.

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%.

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.

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.

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?

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.

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

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.

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.

Demand for Houses Boosts Home Construction

Realtor.com

George Frey/Bloomberg via Getty Images A surge in home-buying demand and limited inventory for existing homes is spurring construction to help fill the gap. The post Demand for Houses Boosts Home Construction appeared first on Real Estate News & Insights | realtor.com®.

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

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.

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

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.

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.

7 ways to help buyers score a deal on new construction

Inman

Agent Brokerage Select Service builders Cara Ameer construction deals homebuyers new 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 […].

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

Housing construction sees ‘biggest bang’ since 2006

Inman

New homes authorized by permits were up 17 percent year over year in December, according to the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Markets & Economy Select housing permits housing starts hud lawrence yun US Census

3D CityScapes offers immersive showcase for pre-construction condos

REM Online

The original post can be found at the following URL: 3D CityScapes offers immersive showcase for pre-construction condos. Recently we were introduced to a game-changing company, 3D CityScapes, that has changed the way I view pre-construction developments.

Open Job Rate in Construction Steady

Eye on Housing

Job openings in construction remained steady in November as net job gains continued, albeit with distinctions between residential and nonresidential construction.

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

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 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.

Job Openings Slowing in Construction

Eye on Housing

Job openings in construction slowed again in October, as the sector experiences a two-tier recovery. Read More › The post Job Openings Slowing in Construction first appeared on Eye On Housing.

Residential Construction Offsets All the Jobs Lost in March and April

Eye on Housing

Total construction industry (both residential and non-residential) employment totaled 7.4 Residential construction employment rose by 22,700 in December to 3.0 In the past eight months, residential construction added 472,500.

New-Home Construction Activity Soars to Highest Level in Over a Decade, as Builders Rush To Produce Single-Family Homes

Realtor.com

home builders started construction on homes at a seasonally-adjusted annual rate of 1.67 Comparatively, new construction on multifamily buildings fell 15.2% Real Estate News building permits Housing Starts MarketWatch new home constructionsculpies/Getty Images The numbers: U.S.

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.

Residential Construction Employment Is Higher Than a Year Ago

Eye on Housing

However, October residential construction employment was 11,500 higher than a year ago, marking the first year-over-year gain since the recession of 2020. Residential construction employment rose by 23,800 in October to 2.9 Read More › The post Residential Construction Employment Is Higher Than a Year Ago first appeared on Eye On Housing. The recovery of overall labor market continued but at a slow pace.