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.

Insiders

Sign Up for our Newsletter

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

Residential Construction Loan Growth

Eyes on Housing

The second quarter of 2021 marked the second consecutive quarter of loan growth for residential construction loans. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased by 4.9% during the second quarter, even as the market cooled off strong.

Home Builders Ramp Up Construction Based on Demand

Keeping Current Matters

Like you, many buyers want to capitalize on these market conditions, and it’s leading to more buyer competition and bidding wars. Early indicators show new-home construction is beginning to ramp up. Thus, housing construction is trending upward with housing starts likely to reach 1.6

July Construction Job Openings

Eyes on Housing

In the July labor market data, job openings for the overall economy increased to 10.9 What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy reopens.

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. However, small metro core and suburban single-family market share increased from 37.7% Apartment construction increased in second-home markets by 11.1%.

HBGI Shows Suburban Shift for Multifamily Construction

Eyes on Housing

The first quarter 2021 Home Building Geography Index (HBGI) showed that single-family home building continued to shift to low-density and low-cost markets, a trend stemming largely from the COVID-19 pandemic and first reported in the second quarter of 2020.

June jobs report is great news for the housing market

Housing Wire

The gains were so great that some housing industry economists believe construction job gains could relieve housing market supply constraints. job market was 9.5 In today’s housing market, lenders need to make sure they’re staying competitive. Hiring in the U.S.

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.

U.S. Labor Market Strengthening, But Construction Jobs Still Low

RIS Media

The problem area is in the construction labor force, where jobs increased by 11,000 in July, but the question remains: Is it enough to fill the growing inventory void that’s driving up real estate competition and home values across the nation? The U.S.

TCS Marketing Systems: Bringing ‘humanity’ to pre-construction sales

REM Online

The original post can be found at the following URL: TCS Marketing Systems: Bringing ‘humanity’ to pre-construction sales. TCS Marketing Systems managing partner Mark Cohen has a goal: to be influential in adding humanity to the process of pre-construction sales.

Could New Construction Help Level Out the Market?

RIS Media

If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. Falling Lumber Costs Could Level Out the Market.

Crosswinds for Construction Job Openings

Eyes on Housing

The count of open construction jobs declined in May to 299,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory.

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

Multifamily Construction Sentiment Declines in Second Quarter

Eyes on Housing

Confidence in the market for new multifamily housing decreased in the second quarter, according to results from the Multifamily Market Survey (MMS) released y the National Association of Home Builders (NAHB).

NAHB: Multifamily Construction Sentiment Improves

RIS Media

Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) recently released by the National Association of Home Builders (NAHB).

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.

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.

Why we can’t build our way out of this hot housing market

Housing Wire

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time.

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.

Homes in Boise, Idaho are “flying off the market”

Housing Wire

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 Especially if a home has acreage, it will “fly off the market.”.

Reduced Turnover in Construction Labor Market

Eye on Housing

The construction labor market experienced a reduced level of turnover in the September BLS JOLTS (Job Openings and Labor Turnover) data. The construction sector hiring rate slowed somewhat in September, coming in at 5.3%, after 5.5%

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

Multifamily Construction Shifts to Lower Density Markets in 3Q20

Eye on Housing

Multifamily construction shifted into less dense markets during the third quarter of 2020, per the latest NAHB Homebuilding Geography Index (HBGI). Read More › The post Multifamily Construction Shifts to Lower Density Markets in 3Q20 first appeared on Eye On Housing.

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). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory.

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.

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. The sector was also relatively weaker than the overall building market.

Expansion for Single-Family Built-for-Rent Construction

Eyes on Housing

The number of single-family built-for-rent (SFBFR) construction starts is expanding as demand for single-family structures, both for-sale and for-rent, remains strong. Single-family built-for-rent construction differs with respect.

Construction Employment Changes Little in January

Eye on Housing

The labor market continues its slow recovery amid the COVID-19 pandemic. In January, residential construction employment remined unchanged virtually (-600), after increasing for eight straight months. Currently, job gains in residential construction.

Residential Construction Jobs Rise, Commercial Lags

RIS Media

Within residential construction, general contractor and other related jobs increased by 15,200—a huge relief for a market that’s being squeezed by a lack of inventory. million homes on the market in the U.S.—a The June jobs report from the U.S.

Prices for home construction materials dip for first time in 2021

Inman

Markets & Economy Select bureau of labor statistics drywall home builders home construction home prices lumber lumber prices national association of home builders

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 and real estate employment fall in Feb. jobs report

Inman

Construction employment declined by 61,000 as the real estate industry yearns for more housing. Markets & Economy Select construction Coronavirus COVID-19 inventory jobs report real estate jobs unemployment

Domestic Sawmill Output Not Keeping Up with Construction

Eyes on Housing

Despite a historically low level of overall housing inventory and solid demand due to low mortgage interest rates and demographics, new construction has been unable to add additional needed supply to the market, resulting.

Residential Construction Employment Surpasses the February 2020 Level

Eye on Housing

The labor market is improving as many states ease business restrictions and more people are vaccinated. Residential construction employment increased by 37,000 in March, while non-residential construction added 73,100 jobs.