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Homebuyers turn to aging properties as construction lags

Housing Wire

The trend reflects a long-term slowdown in new home construction and growing affordability challenges. Without more construction, buyers are forced to choose from a pool of aging properties that present a new set of financial challenges, especially for those trying to save enough money to climb onto the property ladder.

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Kiavi aims to strengthen construction lending with two executive hires

Housing Wire

Pittsburgh-based lender Kiavi on Monday announced the hirings of Tom Hallock and Robert Jayne as the company seeks to grow its construction financing segment to better meet the needs of real estate investors. Hallock has decades of prior experience in construction financing and real estate investment lending.

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NAHB encourages ‘practical’ renovations for aging in place

Housing Wire

The trade group also highlighted a bathroom remodeling project spearheaded by Iron Brothers Construction. “Aging-in-place choices commonly include changes such as adding grab bars, installing curbless shower stalls, widening doorways and building higher toilets,” NAHB explained in its new guidance.

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Homeowners say high costs, emotional stress are influencing renovation projects

Housing Wire

homeowners are increasingly choosing to renovate rather than relocate and many are doing so under financial and emotional strain, according to a newly released nationwide survey. A report released by Block Renovation , based on responses from more than 1,000 homeowners, paints a detailed picture of the home renovation experience in 2025.

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Construction worker shortage has reached “crisis” levels

Housing Wire

To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. million new hires for construction. The construction worker shortage has reached crisis level.

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HUD announces $175M funding opportunity for rental construction, renovation

Housing Wire

HUD encourages existing CoCs to use awarded funds for construction, acquisition or rehabilitation of additional PSH units with other funding sources, so that the amount of housing can be “maximized” to “meet the needs of individuals and families experiencing homelessness,” HUD said.

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Finding qualified contractors is the biggest obstacle to reno projects

Housing Wire

Home renovation projects could bring a variety of safety and efficiency improvements to older construction, but anxiety is a key element keeping many homeowners from exploring renovation projects. Home prices and mortgage rates also factored into the perspectives of those planning for home renovation projects.