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DataDigest: Construction costs easing for homebuilders

Housing Wire

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.

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The labor report gives the Fed a clear pathway to land the plane

Housing Wire

This bodes well for those hoping to see a soft landing, and for those hoping for lower mortgage rates. Job gains occurred in health care, government, and construction. It does provide a path for the Federal Reserve to see the softer wage growth data and land the plane. percent, the U.S. High school graduate and no college: 4.1%

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California Senate OKs bill for affordable housing on nonprofit-owned land

Housing Wire

The California State Senate passed a bill this week that would permit the construction of affordable housing units on land owned by faith-based institutions and nonprofit colleges, even if local zoning ordinances and laws would normally prevent construction. The bill, introduced last December by Sen.

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Top Tips and Considerations For Buying Land

Realty Biz

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

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The homebuilding space consolidates after strong results in 2023

Housing Wire

New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. This surge in new construction activity sparked a wave of consolidation within the industry, with public and private homebuilders engaging in 12 merger and acquisition (M&A) deals throughout the year.

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What Does a Land Surveyor Do?

RIS Media

Land surveying is crucial in land development, construction, and property management. While many people may be familiar with the term “land surveyor,” their specific duties and responsibilities are often misunderstood. appeared first on RISMedia.

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Repurposing Religious-Owned Land to Create Affordable Housing

Propmodo

Efforts are being hampered by the high cost of construction, regulatory barriers, community pushback, and the overall slow pace of development. A number of cities and states are looking to streamline affordable housing development on land owned by religious institutions, which often have sizable portfolios of real estate in prime areas.

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